News round up 27 November 2017
Posted on 27 November, 2017 by Thierry Heles, editor
A round up of all the latest news on www.globalgovernmentventuring.com for our subscribers.
The government will initially seek 100 EBRD shares for a minimum price of $1.2m in an attempt to boost the competitiveness of India-based businesses.
A draft bill aims to double the number of national security considerations that justify an investigation into foreign deals for US-based firms.
Temasek International will prioritise B2B payments, fraud detection and artificial intelligence and warned that Southeast Asia-based startups often struggle to lure later-stage capital.
Three state-owned investors have set up a fund to inject up to $17.4m into each selected startup in the Russian Far East.
Businesses can apply for up to $178,000 from Enterprise Ireland under an expedited process designed to encourage export growth.
The measures include a new $3.3bn fund operated by state-owned investment agency British Business Bank to cover funding shortfalls should the EIF end UK loans come Brexit.
HTGF has secured additional capital for its third seed fund from utility Ewe, which is seeking to future-proof its infrastructure by 2026.
The Europe-focused VC firm has raised more than $54m from LPs including British Business Bank.
Bpifrance and the Ministry of the Armed Forces have partnered to launch a $59m fund aimed at small and medium-sized enterprises in the defence sector.
The state-backed angel syndicate initiative will take particular interest in the medtech, healthcare and IT sectors, which represented the majority of angel funding during 2016.
The acquisition of BDC-backed automated design developer Solido will complement Siemens’s purchase of Mentor Graphics Corporation in March 2017.
The funding round was led by China Reform Holdings, through policy fund China State-Owned Assets Venture Investment Fund.
E-commerce portal StartToday has taken an option on NZVIF-backed sensor manufacturer StretchSense after using the Auckland spinout’s technology for its body measurement device.
The regenerative medicine company was forged from the merger of biotech businesses Pluriomics and Axiogenesis in September 2017.
The company’s existing investors, including Bpifrance, have committed to purchasing a total of $14.8m worth of shares in the offering.
IFC has returned to contribute another funding round, having previously taken part in in-home healthcare service Portea Medical’s series B round.
Nautilus will launch a manufacturing centre in Ireland for its water-cooled data centres following ISIF’s $5m commitment to its latest funding round.
Gender equality was a core objective in the EU’s Horizon 2020 policy framework, and Enterprise Ireland's ambition is to mirror the level of female entrepreneurship seen in the US.
The vehicle manufacturing technology developer has raised $65m+ in a round backed by the Shanghai Municipal Government that could eventually close at $107m.
The biopharmaceuticals developer is developing therapies for autoimmune diseases and will use the Bpifrance-backed series A round to pursue clinical testing.
The lingerie fashion brand now counts Vertex Ventures among its investors, after the Temasek-backed firm led a $10.5m series B round.
The Global Government Venturing deal net rounds up all the latest smaller deals and tracks emerging companies accessing government fu
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