Cédric Van Nevel has departed Bekaert to become an investment manager at Qbic, a venture fund manager focused on spinouts of Ghent, Brussels and Antwerp universities and of Vito.

Cédric Van Nevel (pictured) has joined Belgium-based inter-university venture firm Qbic as an investment manager after standing down from the same role at steel wire products and coatings supplier Bekaert. Qbic’s second seed-stage fund was established in June 2017 with $45m of capital to back spinouts of research organisation Vito as well as from Ghent, Brussels and Antwerp universities. In addition to the above institutions, the fund’s partners include financial services firms BNP Paribas Fortis, KBC and ING, as well as Belgian government-owned investment firm SFPI-FPIM and Arkimedes Fund II, a vehicle established by the Region of Flanders and its investment firm ParticipatieMaatschappij Vlaanderen. Van Nevel had been with Bekaert since late 2016 assisting its corporate venturing operation, with a focus on Europe and North America. He previously spent seven years at natural gas infrastructure operator Fluxys, progressing from the position of key account manager to become senior international business officer for M&A projects in 2011. He later took charge of an expansion project at Fluxys’s liquefied gas terminal in Zeebrugge. Van Nevel started his career in 2007 as a strategic consultant at Boston Consulting Group, after earning his MSc degree from Ghent University the same year.

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