IP Group unveils new venture capital fund

IP Group, the developer of intellectual property-based businesses, has established a 30m-pound venture capital fund, IP Venture Fund II, in partnership with the European Investment Fund (the EIF).

IP Group, the developer of intellectual property-based businesses, has established a 30m-pound venture capital fund, IP Venture Fund II, in partnership with the European Investment Fund (the EIF).

The group said that IP Venture Fund II would be expected to invest alongside IP Group in new spin-out companies from IP Group's university partnerships and other collaborations, with the EIF effectively investing alongside IP Group.

The fund comprises £30m of capital with a £20m contribution from the EIF and a £10m contribution from IP Group.

It is expected to co-invest with IP Group in such ratio that the effective investment ratio between IP Group and the EIF will be four:one when considering that IP Group will also directly provide capital to companies alongside the fund, the group added.

Alan Aubrey, Chief Executive Officer of IP Group, said: "We are delighted to have agreed a second fund with the EIF; a key partner for the group who share a similar view on the importance of providing long-term patient capital to intellectual property commercialisation."

Piyush Unalkat, Principal of Equity Investments at the EIF, said: "We have been working with IP Group since 2006 and have been impressed by the group's ability to build valuable companies from the best of British intellectual property and evidence returns to co-investors and shareholders. We look forward to creating the next generation of spin-outs with the new Fund."

IP Group's share price was down 2.44% to 136.10p at 09:32 on Thursday.

MF

Recommended

Share tips of the week – 30 September
Share tips

Share tips of the week – 30 September

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
30 Sep 2022
The best British tech stocks from a thriving sector
Share tips

The best British tech stocks from a thriving sector

Move over, Silicon Valley. Over the past two decades the UK has become one of the main global hubs for tech start-ups. Matthew Partridge explains why,…
29 Sep 2022
These 3 top value stocks offer
Share tips

These 3 top value stocks offer

Professional investor Adam Rackley of Cape Wrath Capital highlights three overlooked value stocks to buy.
29 Sep 2022
Three top-notch Asian stocks to buy
Share tips

Three top-notch Asian stocks to buy

Professional investors Adrian Lim and Pruksa Iamthongthong, managers of the Asia Dragon Trust, pick three of their favourite Asian stocks to buy now.
23 Sep 2022

Most Popular

The best British tech stocks from a thriving sector
Share tips

The best British tech stocks from a thriving sector

Move over, Silicon Valley. Over the past two decades the UK has become one of the main global hubs for tech start-ups. Matthew Partridge explains why,…
29 Sep 2022
Share tips of the week – 30 September
Share tips

Share tips of the week – 30 September

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
30 Sep 2022
Why everyone is over-reacting to the mini-Budget
Budget

Why everyone is over-reacting to the mini-Budget

Most analyses of the chancellor’s mini-Budget speech have failed to grasp its purpose and significance, says Max King
29 Sep 2022