Belgium-based VIVES IUF, a European science-based early-stage fund investing in companies developing disruptive innovations with a positive societal impact, has secured €5 million from the Luxembourg Future Fund 2. This latest investment brings its total funding to €75 million, surpassing the initial target.
- Founded in 2004 by UCLouvain and managed by VIVES Partners, VIVES IUF is a seed and early-stage fund that links academic research with investors. It focuses on building and investing in technology companies, with a special emphasis on eco-innovation.
- The oversubscribed fund aims to support Luxembourg startups in health, agriculture, industry, and technology transfer. Previously, VIVES invested in LMO Space, a Luxembourg-based company developing precision maneuvering technologies for in-space operations.
“We are thrilled to have surpassed our financial goals for this fund, which demonstrates the trust investors place in our capability to develop successful spin-offs and startups across our inter-regional ecosystem," CEO of VIVES, Philippe Durieux, stated.
- The VIVES Inter-University Fund (IUF) received support from the Luxembourg Future Fund 2 (LFF 2), a €200 million initiative established by the European Investment Fund and the Société Nationale de Crédit et d’Investissement (SNCI).
“Our aim is to promote the growth and diversity of the country’s economy. I am confident that a new generation of innovative businesses can arise from the fruitful encounter of investors and public research in Luxembourg. VIVES will contribute to encouraging these new ventures,” CEO of SNCI, Eva Kremer, commented.
