The firm has launched a fund and accelerator called Boab AI that will be run by Deakin University’s former ventures director Andrew Lai.

Australia-based venture capital firm Artesian Ventures has launched an artificial intelligence (AI) accelerator and A$100m ($79m) fund that will be led by Deakin University’s former ventures director Andrew Lai, according to the Australian Financial Review.

Lai was the ventures director at Deakin University in 2020, before joining Artesian, and handled the institution’s spinout portfolio.

Artesian has secured an initial $1.2m commitment from LaunchVic, the Victorian state-government’s startup agency, and another $6.3m from unnamed private investors. Once raised, the fund is…

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Thierry Heles

Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
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