Nestlé is throwing its weight behind the Eureka Fund, a vehicle focused on spinouts from 27 research centres and universities across Italy.

Italy-based venture capital firm Eureka Venture has signed up consumer goods group Nestlé as a limited partner for its inaugural vehicle, the Eureka Fund, with a €5m ($5.7m) commitment, Il Sole 24 Ore reported yesterday. Nestlé’s contribution forms part of its CHF250m ($273m) fund set up in 2020 to bolster packaging sustainability and improve recycling…

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