IP Group, a commercialisation firm which works with multiple UK universities, has revealed a £30m ($46m) venture fund, in partnership with the European Investment Fund (EIF).
IP Venture Fund II follows a similar £31m fund established by IP Group in 2006. To date, that fund has invested £21m into 26 of the group’s portfolio firms. As with its predecessor, IP Venture Fund II will invest in new spin-outs from the group’s university partners, which include York, Manchester, Leeds and…