86 government and university startup funds
We list 86 government and university startup funds as of November 2026: 2 have an SEC filing on file and 84 were checked on the firm's own website or an official register, and the list was last checked on 9 Nov 2026. The states with the most are Colorado (1) and California (1).
Top 10 government and university startup funds, ranked by recent fund activity
Among firms with a published profile and a dated fund or deal in the last 24 months. The rule: Activity score out of 100: recency of the latest fund filing or dated deal (50: full marks within 3 months, then stepping down at 6, 12 and 24 months), size of the fund on file on a log scale (35) and completeness of the public record (15). It is a measure of activity and fit, not of quality or returns. The same rule orders the whole list; it is repeated in the method box.
Northern Powerhouse Investment Fund II
Type: Government or university fund · HQ: United Kingdom · Stages: Seed, Series A, Growth · Focus: Generalist · Latest activity: Portfolio news, Oct 2026 · Fund size or assets: £660M (own site)
Portfolio news dated Oct 2026; £660M on file (own site); backs seed, Series A, growth-stage; 8 named decision-makers on file.
IBB Ventures
Type: Government or university fund · HQ: Berlin, Germany · Stages: Pre-seed, Seed, Series A · Focus: Healthtech, SaaS, Industrial Tech, Consumer · Latest activity: New deal, Oct 2026 · Fund size or assets: €300M (own site)
Dated new deal in Oct 2026; €300M on file (own site); backs pre-seed, seed, Series A; 5 named decision-makers on file.
Coinvest Capital
Type: Government or university fund · HQ: Lithuania · Stages: Pre-seed, Seed, Series A · Focus: Climate Tech, Healthtech, Deep Tech, AI · Latest activity: Portfolio news, Oct 2026 · Fund size or assets: €44M (own site)
Portfolio news dated Oct 2026; €44M on file (own site); backs pre-seed, seed, Series A; 2 named decision-makers on file.
Bayes Entrepreneurship Fund
Type: Government or university fund · HQ: London, United Kingdom · Stages: Seed, Series A · Focus: AI, Healthtech, Fintech, Developer Tools · Latest activity: New deal, Oct 2026 · Fund size or assets: £15M (own site)
Dated new deal in Oct 2026; £15M on file (own site); backs seed, Series A; 7 named decision-makers on file.
South West Investment Fund
Type: Government or university fund · HQ: United Kingdom · Stages: Pre-seed, Seed, Series A, Growth · Focus: Generalist · Latest activity: Portfolio news, Jul 2026 · Fund size or assets: £200M (own site)
Portfolio news dated Jul 2026; £200M on file (own site); backs pre-seed, seed, Series A; 8 named decision-makers on file.
LYVA Labs
Type: Government or university fund · HQ: Liverpool, United Kingdom · Stages: Pre-seed · Focus: AI, Healthtech, Biotech, Climate Tech · Latest activity: Portfolio news, Oct 2026 · Fund size or assets: £7M (own site)
Portfolio news dated Oct 2026; £7M on file (own site); backs pre-seed; 8 named decision-makers on file.
GU Ventures
Type: Government or university fund · HQ: Gothenburg, Sweden · Stages: Pre-seed, Seed · Focus: Healthtech, Deep Tech, Climate Tech, Agritech · Latest activity: Portfolio news, Oct 2026
Portfolio news dated Oct 2026; backs pre-seed, seed; 3 named decision-makers on file.
Old College Capital
Type: Government or university fund · HQ: Edinburgh, United Kingdom · Stages: Pre-seed, Seed, Series A · Focus: Deep Tech, Biotech, AI, Climate Tech · Latest activity: New deal, Oct 2026
Dated new deal in Oct 2026; backs pre-seed, seed, Series A; 8 named decision-makers on file.
Development Bank of Wales
Type: Government or university fund · HQ: United Kingdom · Stages: Seed, Series A, Growth · Focus: Fintech, Healthtech, Proptech, Govtech · Latest activity: New deal, Dec 2024 · Fund size or assets: £2.0B (own site)
Dated new deal in Dec 2024; £2.0B on file (own site); backs seed, Series A, growth-stage; 8 named decision-makers on file.
Cardiff Capital Region
Type: Government or university fund · HQ: Cardiff, United Kingdom · Focus: Fintech, Climate Tech, Mobility, Generalist · Latest activity: New fund, Nov 2026
Latest fund filing dated Nov 2026.
First 25 of 86 government and university startup funds
| Investor | Type | HQ | Stagesour research | Focusour research | Latest fund or deal | Fund sizeas filed or stated | Checked | Contacts |
|---|---|---|---|---|---|---|---|---|
| Northern Powerhouse Investment Fund II | Government or university fund | United Kingdom | Seed, Series A, Growth | Generalist | Portfolio news, Oct 2026 | £660M (own site) | 4 Nov 2026 | 8 names · Unlock |
| IBB Ventures | Government or university fund | Berlin, Germany | Pre-seed, Seed, Series A | Healthtech, SaaS, Industrial Tech, Consumer | New deal, Oct 2026 | €300M (own site) | 7 Nov 2026 | 5 names, firm email · Unlock |
| Coinvest Capital | Government or university fund | Lithuania | Pre-seed, Seed, Series A | Climate Tech, Healthtech, Deep Tech, AI | Portfolio news, Oct 2026 | €44M (own site) | 7 Nov 2026 | 2 names, firm email · Unlock |
| Bayes Entrepreneurship Fund | Government or university fund | London, United Kingdom | Seed, Series A | AI, Healthtech, Fintech, Developer Tools | New deal, Oct 2026 | £15M (own site) | 4 Nov 2026 | 7 names, firm email · Unlock |
| South West Investment Fund | Government or university fund | United Kingdom | Pre-seed, Seed, Series A, Growth | Generalist | Portfolio news, Jul 2026 | £200M (own site) | 4 Nov 2026 | 8 names · Unlock |
| LYVA Labs | Government or university fund | Liverpool, United Kingdom | Pre-seed | AI, Healthtech, Biotech, Climate Tech | Portfolio news, Oct 2026 | £7M (own site) | 4 Nov 2026 | 8 names, firm email · Unlock |
| GU Ventures | Government or university fund | Gothenburg, Sweden | Pre-seed, Seed | Healthtech, Deep Tech, Climate Tech, Agritech | Portfolio news, Oct 2026 | 7 Nov 2026 | 3 names · Unlock | |
| Old College Capital | Government or university fund | Edinburgh, United Kingdom | Pre-seed, Seed, Series A | Deep Tech, Biotech, AI, Climate Tech | New deal, Oct 2026 | 4 Nov 2026 | 8 names, firm email · Unlock | |
| Development Bank of Wales | Government or university fund | United Kingdom | Seed, Series A, Growth | Fintech, Healthtech, Proptech, Govtech | New deal, Dec 2024 | £2.0B (own site) | 4 Nov 2026 | 8 names · Unlock |
| Cardiff Capital Region | Government or university fund | Cardiff, United Kingdom | Fintech, Climate Tech, Mobility, Generalist | New fund, Nov 2026 | 4 Nov 2026 | firm email · Unlock | ||
| Invest-NL | Government or university fund | Amsterdam, Netherlands | Series A, Growth | Deep Tech, Energy, Climate Tech, Agritech | Portfolio news, Oct 2026 | 7 Nov 2026 | firm email · Unlock | |
| Investment Fund for Northern Ireland | Government or university fund | United Kingdom | Seed, Series A, Growth | Generalist | Portfolio news, Dec 2025 | £100M (own site) | 4 Nov 2026 | 8 names · Unlock |
| Cambridge Enterprise | Government or university fund | Cambridge, United Kingdom | AI, Industrial Tech, Deep Tech, Biotech | Portfolio news, Oct 2026 | 4 Nov 2026 | 8 names · Unlock | ||
| InnovationQuarter | Government or university fund | Netherlands | Seed, Series A, Growth | Healthtech, Energy, Climate Tech, Food and Beverage | Portfolio news, Nov 2026 | 7 Nov 2026 | firm email · Unlock | |
| TNO Ventures | Government or university fund | Netherlands | Pre-seed, Seed | Deep Tech, AI, Medtech, Climate Tech | Portfolio news, Sep 2026 | 7 Nov 2026 | firm email · Unlock | |
| Enterprise Ireland | Government or university fund | Dublin, Ireland | Pre-seed, Seed, Growth | Generalist | Portfolio news, Nov 2026 | 7 Nov 2026 | No contact on file | |
| Midlands Engine Investment Fund II | Government or university fund | United Kingdom | Seed, Series A, Growth | Generalist | Portfolio news, Oct 2025 | £400M (own site) | 4 Nov 2026 | 8 names · Unlock |
| Scottish National Investment Bank | Government or university fund | Edinburgh, United Kingdom | Series A, Series B, Growth | Climate Tech, Energy, Fintech, Space | £1.2B (own site) | 4 Nov 2026 | 8 names, firm email · Unlock | |
| SBG, Sächsische Beteiligungsgesellschaft | Government or university fund | Dresden, Germany | Seed, Growth | Generalist, Healthtech, Biotech, Energy | Portfolio news, Jul 2026 | 7 Nov 2026 | 4 names, firm email · Unlock | |
| Seed Capital Bizkaia | Government or university fund | Bilbao, Spain | Pre-seed, Seed, Growth | Generalist, Biotech, Impact | New deal, Jul 2026 | 7 Nov 2026 | firm email · Unlock | |
| Bayern Kapital | Government or university fund | Landshut, Germany | Pre-seed, Seed, Series A, Growth | Deep Tech, Healthtech, Biotech, SaaS | €1.3B (own site) | 7 Nov 2026 | 5 names · Unlock | |
| AXIS (ICO Group) | Government or university fund | Madrid, Spain | Growth, Any stage | Generalist, Deep Tech, Healthtech, Climate Tech | €12.2B (own site) | 9 Nov 2026 | No contact on file | |
| Enterprise Capital Funds programme (British Business Bank) | Government or university fund | Sheffield, United Kingdom | Seed | Generalist | £1.0B (own site) | 4 Nov 2026 | 8 names · Unlock | |
| CDP Venture Capital | Government or university fund | Rome, Italy | Pre-seed, Seed, Series A, Series B, Growth | Generalist, AI, Deep Tech | €4.9B (own site) | 7 Nov 2026 | LinkedIn page · Unlock | |
| ADEME Investissement | Government or university fund | Paris, France | Growth | Climate Tech, Energy, Mobility, Food and Beverage | €400M (own site) | 9 Nov 2026 | 4 names, firm email · Unlock |
You are seeing 25 of 86. The full list adds 61 more funds and 240 named decision-makers.
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How these 86 break down
By region
| Region | On this list | Share |
|---|---|---|
| United States | 2 | 2% |
| United Kingdom | 20 | 23% |
| Europe | 64 | 74% |
Full lists, each with its own row count: Venture capital firms in the US (2,975)Startup investors in the UK (416)Startup investors in Europe (725)
By US state
| US state | On this list | Share |
|---|---|---|
| Colorado | 1 | 1% |
| California | 1 | 1% |
Full lists, each with its own row count: Venture capital firms in Colorado (67)Venture capital firms in California (1,038)
By European country
| European country | On this list | Share |
|---|---|---|
| Germany | 16 | 19% |
| Netherlands | 12 | 14% |
| Spain | 9 | 10% |
| Austria | 5 | 6% |
| Italy | 4 | 5% |
| France | 4 | 5% |
| Norway | 3 | 3% |
| Sweden | 2 | 2% |
Full lists, each with its own row count: Startup investors in Germany (91)Startup investors in the Netherlands (69)Startup investors in Spain (70)Startup investors in Austria (34)Startup investors in Italy (36)Startup investors in France (189)Startup investors in Norway (41)Startup investors in Sweden (35)
By stage
| Stage | On this list | Share |
|---|---|---|
| Pre-Seed | 36 | 42% |
| Seed | 70 | 81% |
| Series A | 39 | 45% |
| Series B | 9 | 10% |
| Growth | 49 | 57% |
Stage is our research. A firm can back more than one stage.
Full lists, each with its own row count: Pre-seed investors (988)Seed investors (1,892)Series A investors (864)Series B investors (339)Growth-stage investors (705)
By sector
| Sector | On this list | Share |
|---|---|---|
| Deep Tech | 43 | 50% |
| Healthtech | 36 | 42% |
| Climate Tech | 36 | 42% |
| Biotech | 18 | 21% |
| AI | 16 | 19% |
| Energy | 16 | 19% |
| SaaS | 13 | 15% |
| Industrial Tech | 11 | 13% |
| Agritech | 9 | 10% |
| Food and Beverage | 9 | 10% |
| Defense Tech | 8 | 9% |
| Mobility | 6 | 7% |
Sector is our research. A firm can carry more than one sector.
Full lists, each with its own row count: Deep tech investors (763)Healthtech investors (1,207)Climate tech investors (660)Biotech investors (484)AI investors (1,576)Energy investors (421)SaaS investors (1,529)Industrial tech investors (387)Agritech investors (137)Food and beverage investors (179)Defense tech investors (196)Mobility investors (192)
Method and limits
- Source
- 2 of the 86 rows carry an SEC filing (Form D or Form ADV). All 86 have a website we checked. Filing date and fund size are SEC data where a filing exists. Stage, sector and check size are our research.
- Inclusion rule
- Organizations that back startups. Individuals, buyout funds and firms we found to be inactive are left out. Type: we class every organization on this list as "Government or university fund", from its own site or a filing.
- Order
- Firms with a published profile come first. Activity score out of 100: recency of the latest fund filing or dated deal (50: full marks within 3 months, then stepping down at 6, 12 and 24 months), size of the fund on file on a log scale (35) and completeness of the public record (15). It is a measure of activity and fit, not of quality or returns.
- Last refreshed
- November 2026. Rows on this list were checked between 4 Nov 2026 and 9 Nov 2026.
- Fill rates
- Of 86 rows: stage 83, sector 86, fund size 27, website 86. In the paid file: named decision-makers on 53 rows, firm email on 54, LinkedIn page on 66, check size on 39.
- Corrections
- Email [email protected] or use the update form. We act within 5 working days.
Questions
How many government and university startup funds are there?
We list 86 as of November 2026. 21 of the 86 have a fund filing or a dated deal in the last 12 months. By region: United States (2), United Kingdom (20) and Europe (64).
Which sectors do government and university startup funds back most?
On this list: deep tech (43), healthtech and digital health (36), climate tech (36) and biotech and life sciences (18). Sector is our research and a firm can carry more than one.
Which government and university startup funds raised a new fund in the last 12 months?
None of the 86 has a fund filing dated in the last 12 months on file; 21 have other dated activity in that time (fund announcement, new deal and portfolio news), most recently Enterprise Ireland (portfolio news, Nov 2026), InnovationQuarter (portfolio news, Nov 2026) and Cardiff Capital Region (fund announcement, Nov 2026).
Which stages do government and university startup funds back?
Of the 83 with a stage on file, seed (70), growth-stage (49) and Series A (39). A firm can back more than one stage, and 3 rows have no stage on file yet.
Where does the data on government and university startup funds come from and how often is it updated?
2 of the 86 rows have an SEC filing on file (Form D or Form ADV) and 84 were checked on the firm's own website or an official register. Filing date and fund size come from the filing. Stage, sector and check size are our research. Rows on this list were last checked on 9 Nov 2026 at the latest. The whole file is re-verified twice a year.
Can I download the list of government and university startup funds as a spreadsheet?
Yes. The file holds all 86 rows in Excel and CSV, with 240 named decision-makers and 54 firm emails, for $49 one-time. 25 rows are free on this page.
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