Institute of Science and Technology Austria has joined forces with Lansdowne Partners to establish a seed fund primarily aimed at spinouts domestically and internationally.
Institute of Science and Technology (IST) Austria and an unnamed subsidiary of investment management firm Lansdowne Partners signed an agreement on Monday to establish a technology seed fund called IST Cube.
The fund will launch with an initial €5m ($6.5m) in capital, but has been structured as an open investment vehicle to enable additional investors to join.
IST Cube will be led by managing director Markus Wanko, whose first responsibilities include building a team and developing the fund. Wanko is…
