Delft University of Technology's Robovalley centre co-creates a $112m robotics fund to support companies working to commercialise robotic technology.
Robovalley, a robotics centre located at Delft University of Technology, has partnered Canada-based Chrysalix Venture Capital to create a €100m ($112m) robotics fund.
Robobally is home to more than 170 researchers all working in the field of robotics. Its network also includes experts in various fields, entrepreneurs and public and private sector decision makers.
The centre will rely on its own and on Chrysalix’s network and to source deals in the robotics technology sector.
The fund will be managed by Chrysalix Venture Capital.
Mike Sherman, managing partner of the Robovalley Fund, said: “Global technology in robotics is advancing very quickly yet today there is no international pure-play venture capital fund focused on robotics and so closely aligned with a robotics ecosystem.
“Many breakthrough technologies are stranded in universities and national labs with insufficient early-stage funding available to help them commercialise and scale.”
Arie van den Ende, managing director of Robovalley, said: “Robotics is predicted to be the next big step in the digital revolution having an unprecedented impact on the way that we live, and provides an answer to some of the grand challenges of the 21st century.”
