Beijing Institute of Collaborative Innovation is partnering accelerator Comb+ for a fund that has already raised more than half its $76.8m target.
Beijing Institute of Collaborative Innovation (Bici), a research and commercialisation alliance of 14 Chinese universities, has joined China-based accelerator Comb+ to launch a €65m ($76.8m) artificial intelligence (AI)-focused fund, DealStreetAsia reported on Monday.
The fund has already raised more than half of the €65m fundraising target, Comb+ CEO Leo Zhu told TechCrunch, adding that the limited partners include government, corporate and private investors, most of which are based in China.
The vehicle will back international AI startups looking to do…
