The publishing company has invested an undisclosed sum in the newly formed accelerator and incubator, also transferring some of its educational assets.

Publishing firm Georg von Holtzbrinck has invested an undisclosed sum in UK-based incubator and accelerator Founders Factory.

Launched last year, Founders Factory is looking to develop a European startup ecosystem that is supported by corporate partners on the lookout for access to new technologies.

Founders Factory has elected to initially focus on education technology, before branching out into retail, media, telecommunications, financial technology and consumer goods.

Holtzbrinck also plans to transfer some of the assets owned by its Digital Education…

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