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Commission devotes €150m to life-science venture fund

  

Funds for ‘centre of excellence’ aim to tempt timid European investors towards life-science start-ups

The European Commission has committed to co-investing €150 million from an EU investment scheme through the Venture Centre of Excellence programme, a matchmaking mechanism for private investors and life-science start-up companies.

Announced on 5 October, the investment comes from the European Fund for Strategic Investments, a spending pot set up in 2015 to drive private investment in the EU. It will be co-invested in companies alongside private money.

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