14 September 2018
imec’s research and innovation hub, imec.xpand, which specialises in nanoelectronics and digital technology, has closed its first fund at €117million in committed capital.
The amount raised exceeds the initial target of €100m and imec believes, positions imec.xpand as a “major player” in the deep tech venture capital ecosystem.
The fund targets ambitious tech start-ups for whom imec knowledge, expertise and infrastructure can play a determining role in their success.
Imec.xpand aims to engage with companies at an early stage, at the same time as reserving sufficient financial resources to support the selected ventures from the early stages of development all the way through the commercialisation of their product.
The idea is that this will allow start-ups to focus on developing a technology and on building a business, rather than spending all their time and energy on securing the next round of financing. imec believes this philosophy will increase the speed at which ventures can enter the market and help create the technology leaders of tomorrow that will generate above average financial returns for the investors in imec.xpand.