The Moscow Institute of Physics and Technology launches $30m seed fund.
Tech startups linked to the Moscow Institute of Physics and Technology (MIPT) are set to benefit from seed investment from the university following the launch of MIPT’s $30m university venture capital fund.
The fund, Phystech Ventures, will be used to invest in MIPT spin-outs and startups in the areas of edutech, digital health, 3D printing, cleantech, and fossil fuel tech sectors.
The fund will look to invest around $500,000 in projects as an individual backer, but will also consider going in as part of syndicate alongside venture capitalists and angel investors.
The fund will be managed by Pyotr Lukyanov, the former director of Skolkovo’s investment unit, and Olga Maslikhova, formerly of investor Runa Capital.
