The research institute has launched an early-stage fund that has a target size of up to $136m.
Belgium-based nanoelectronics research institute Imec has launched an early-stage venture capital fund called Imec.xpand with a target size of €100m to €120m ($114m to $136m), eeNews reported on Monday.
The fund has already secured a large portion of that amount. It will be managed by Tom Vanhoutte and Peter Vanbekbergen, who have been partners at Imec.xpand since March 2017, according to LinkedIn.
Vanhoutte told eeNews that, while he could not name investors, they are “a perfect mix of reputable corporates,…
