The fund is expected to close by year end with LPs including Protix and a range of unnamed companies, as well as multiple universities.

Netherlands-based multi-university venture fund Shift is expected to raise €65m ($70m) by the end of 2020 and has signed up insect-based animal feed supplier Protix as a limited partner.

Shift III, which will nurture domestic businesses including spinouts, is aligned to Wageningen University and Research and TU Delft as well as the universities of Twente and Eindhoven.

The Dutch government will also participate through its research institute TNO and the Netherlands Enterprise Agency, as will provincial governments, financial services firm…