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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Thierry Heles

Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).