The research institute has been joined by limited partners ranging from Philips to Brabantse Ontwikkelings Maatschappij, with a minimum target size set at $107m.

TNO, the Netherlands-based research institute for applied scientific research, has backed the DeepTechXL Fund I, which has a minimum target size of €100m ($107m). DeepTechXL Fund I’s limited partners also include photolithography systems developer ASML, conglomerate Philips, development agency Brabantse Ontwikkelings Maatschappij, PME Pension Fund and state-founded impact investment firm Invest-NL. It is unclear how…

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