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The Innovation Fund sa/nv invests in innovative startups and companies within chemistry and life sciences, providing essential capital for their development and expansion. Operating as a specialized venture fund, its model integrates significant backing from industrial companies, delivering funding and strategic advantages to its portfolio.
Established in February 2015, the fund emerged from the 2012 essenscia Innovation Award, which revealed numerous promising ventures in the Belgian chemical sector. François Cornélis, former CEO of Petrofina, then created the Innovation Circle in 2013 to mentor these companies. The clear capital need among maturing projects spurred the fund's formation.
The fund targets groundbreaking startups and companies across the Belgian chemistry and life sciences landscape. Its vision is to function as a comprehensive resource, or "one-stop-shop," fostering the commercialization of innovative ideas. Through investment and strategic industry partnerships, it aims to accelerate growth and drive advancements within its specialized domains.
The Innovation Fund has 2 tracked investments across 2 companies. The latest tracked deal is $5.0M Other Equity in Daphne Technology in January 2019.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jan 8, 2019 | Daphne Technology | $5.0M Other Equity | — | Saudi Aramco Energy Ventures |
| Jul 16, 2018 | Univercells | $18.7M Series B | — | Global Health Investment Fund, Inventures, Korea Investment Partners, Theclubdeal |
