The University of Dundee Venture Fund is the first dedicated venture fund for investment in intellectual property developed by University of Dundee. It launched with committed funds at First Closing of up to £0.75 million.
Frontier IP and University of Dundee are the first investors in the University of Dundee Venture Fund and the Fund also has partnership status with Scottish Enterprise’s Scottish Co-investment Fund, potentially doubling the total funds available to £1.5m.
The Fund remains open to further limited partners until September 2011.
The University of Dundee Venture Fund primarily invests in University of Dundee spinout companies seeking early or development stage capital. The Fund will consider any sector where there is a clear and defensible intellectual property base, with a typical investment range of between £50,000 and £500,000.
For further information, please contact Neil Crabb, neil@frontierip.co.uk