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UK/GERMANY - First London to launch EUR 50m fund

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First London Securities has reached an agreement with Humbolt-Innovation GmbH to establish a joint EUR 50m fund designed to invest in spin-out companies from the Berlin Humbolt university.

The fund will use existing assets to fund investments and may also work with local business angels and institutional co-investors. The Umbolt-Universitaet in Berlin attracts a large number of researchers in a wide range of areas, including environmental technology, biotechnology and financial markets.
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