It is the second fund launched by Origgen Capital to finance ventures based on research and intellectual property.
Singapore-based Origgen Capital, the venture capital arm of deep tech venture builder Origgen Ventures, has launched a second fund to back spinouts from universities and research institutes in Asia. The fund has a target size of SGD 30m ($23m).
Origgen Capital Fund 2 will focus on co-creating and scaling up to 50 spinouts in sectors including advanced engineering, medtech, agri-food and clean tech.
Origgen has partnered with Tsinghua Technology Ventures, the investment arm of Chinese incubator TusStar, to give its portfolio companies access to the Chinese market.
Origgen Ventures works with universities, research centres, corporates and investors to build ventures based on research and intellectual property.
It has 30 companies in its portfolio, including Kleensoil, a developer of solutions for heavy-metal contaminated soil, and Widuz, a maker of sustainable bamboo composites.
