Paderborn University today announced the launch of Garage33, an incubator aimed at attracting IT startups to the city over the next three years.
The initiative is also supported by the city of Paderborn as well as local economic development organisation Paderborn überzeugt.
Garage33 is particularly targeting startups in sectors related to the internet of things, such as systems engineering. The incubator’s approach is based on TecUp, the tech transfer office of Paderborn University.
The VC firm is raising money from investors for its second UK spinout fund.
The foundation backs Georgia Institute of Technology's spinouts in areas including medtech, robotics, AI, marketplaces and defence.
Despite US-China tensions. the fund has a diverse LP base from with about half the funding from Greater China, sitting alongside backers from Southeast Asia, Europe, the Middle East and the US.
Global University Venturing (GUV) is where tech transfer, academic and investment experts meet to explore the latest ideas and technologies driving innovation forward. We drive the discussions and share best practices that are critical to the success of spinouts, scaleouts and innovation programmes. Our aim is to help improve the processes of bringing innovations from academia to global markets and facilitate their integration into the broader business ecosystem.
