IMEC Incubation Fund launched with Euro 5m

IMEC, Europe’s leading independent R&D centre focused on microelectronics and ICT, has announced the creation of its Incubation Fund to support the launch phase of new spin-off companies. One of IMEC’s strategic objectives is to support the local industry in Flanders by transferring its research results to the industry and by setting up spin-off companies. The Incubation Fund is positioned to fill the gap between innovative ideas and the successful launch of high-tech spin-offs by providing the necessary funding.

The Leuven-based Incubation Fund has been launched with a capital of Euro 5m. In addition to IMEC, the shareholders include KBC Investco, Fortis Private Equity, Software Holding & Finance, and V.E.M. Chaudfontaine. Three proposals for incubation projects focused on telecommunications, biotechnology and EDA are currently underway.

Professor Gilbert Declerck, president and CEO of IMEC, comments: “Setting up new companies in the high-tech sector requires a large amount of start-up capital. In addition, these new companies usually represent high-risk investments. That’s why IMEC and several financial partners have set up the IMEC Incubation Fund to stimulate new possible spin-off initiatives by providing the necessary (pre) seed capital to prepare prototype products and market introduction during the incubation period.â€

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