The creation of university venturing funds over the past decade has been called into question as they have had "negligible" impact on entrepreneurs.

The European Union-funded Vico Project found public sector-backed venture capital (VC) funds, of which universities were a subset, made up 19% of investments* in the 759 venture capital-backed companies in the study of 8,370 European high-tech entrepreneurial firms.

However, the report from the research, Venture capital: Policy lessons from the Vico project, said: "University VC in­vestments appeared…

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