--- title: "86 Government and University Startup Funds (Nov 2026): 25 Free" last_updated: "2026-11-09" rows: "86" free_rows: "25" source: "SEC Form D filings and our own research" canonical: "https://theinvestordatabase.com/lists/government-and-university-funds/" --- # 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). - 86 funds - 21 with a fund filing or dated deal in the last 12 months - 240 named decision-makers on file ## First 25 of 86 government and university startup funds | Investor | Type | HQ | Stages (our research) | Focus (our research) | Latest fund or deal | Fund size | Checked | Profile | |---|---|---|---|---|---|---|---|---| | Northern Powerhouse Investment Fund II | Government or university fund | United Kingdom | Seed, Series A, Growth | Generalist | Portfolio news, Oct 2026 | £660M (own site) | 2026-11-04 | https://theinvestordatabase.com/investors/northern-powerhouse-investment-fund-ii/ | | 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) | 2026-11-07 | https://theinvestordatabase.com/investors/ibb-ventures/ | | 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) | 2026-11-07 | https://theinvestordatabase.com/investors/coinvest/ | | 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) | 2026-11-04 | https://theinvestordatabase.com/investors/cass-entrepreneurship-fund/ | | South West Investment Fund | Government or university fund | United Kingdom | Pre-seed, Seed, Series A, Growth | Generalist | Portfolio news, Jul 2026 | £200M (own site) | 2026-11-04 | https://theinvestordatabase.com/investors/south-west-investment-fund/ | | LYVA Labs | Government or university fund | Liverpool, United Kingdom | Pre-seed | AI, Healthtech, Biotech, Climate Tech | Portfolio news, Oct 2026 | £7M (own site) | 2026-11-04 | https://theinvestordatabase.com/investors/lyva-labs/ | | GU Ventures | Government or university fund | Gothenburg, Sweden | Pre-seed, Seed | Healthtech, Deep Tech, Climate Tech, Agritech | Portfolio news, Oct 2026 | | 2026-11-07 | https://theinvestordatabase.com/investors/gu-ventures/ | | 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 | | 2026-11-04 | https://theinvestordatabase.com/investors/old-college-capital/ | | 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) | 2026-11-04 | https://theinvestordatabase.com/investors/development-bank-of-wales/ | | Cardiff Capital Region | Government or university fund | Cardiff, United Kingdom | | Fintech, Climate Tech, Mobility, Generalist | New fund, Nov 2026 | | 2026-11-04 | https://theinvestordatabase.com/investors/cardiff-capital-region/ | | Invest-NL | Government or university fund | Amsterdam, Netherlands | Series A, Growth | Deep Tech, Energy, Climate Tech, Agritech | Portfolio news, Oct 2026 | | 2026-11-07 | https://theinvestordatabase.com/investors/invest-nl/ | | Investment Fund for Northern Ireland | Government or university fund | United Kingdom | Seed, Series A, Growth | Generalist | Portfolio news, Dec 2025 | £100M (own site) | 2026-11-04 | https://theinvestordatabase.com/investors/investment-fund-for-northern-ireland/ | | Cambridge Enterprise | Government or university fund | Cambridge, United Kingdom | | AI, Industrial Tech, Deep Tech, Biotech | Portfolio news, Oct 2026 | | 2026-11-04 | https://theinvestordatabase.com/investors/cambridge-enterprise/ | | InnovationQuarter | Government or university fund | Netherlands | Seed, Series A, Growth | Healthtech, Energy, Climate Tech, Food and Beverage | Portfolio news, Nov 2026 | | 2026-11-07 | https://theinvestordatabase.com/investors/innovationquarter/ | | TNO Ventures | Government or university fund | Netherlands | Pre-seed, Seed | Deep Tech, AI, Medtech, Climate Tech | Portfolio news, Sep 2026 | | 2026-11-07 | https://theinvestordatabase.com/investors/tno-ventures-holding-b-v/ | | Enterprise Ireland | Government or university fund | Dublin, Ireland | Pre-seed, Seed, Growth | Generalist | Portfolio news, Nov 2026 | | 2026-11-07 | https://theinvestordatabase.com/investors/enterprise-ireland-equity-department/ | | Midlands Engine Investment Fund II | Government or university fund | United Kingdom | Seed, Series A, Growth | Generalist | Portfolio news, Oct 2025 | £400M (own site) | 2026-11-04 | https://theinvestordatabase.com/investors/midlands-engine-investment-fund-ii/ | | 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) | 2026-11-04 | https://theinvestordatabase.com/investors/scottish-national-investment-bank/ | | SBG, Sächsische Beteiligungsgesellschaft | Government or university fund | Dresden, Germany | Seed, Growth | Generalist, Healthtech, Biotech, Energy | Portfolio news, Jul 2026 | | 2026-11-07 | https://theinvestordatabase.com/investors/sbg-sachsische-beteiligungsgesellschaft-mbh/ | | Seed Capital Bizkaia | Government or university fund | Bilbao, Spain | Pre-seed, Seed, Growth | Generalist, Biotech, Impact | New deal, Jul 2026 | | 2026-11-07 | https://theinvestordatabase.com/investors/seed-capital-de-bizkaia-sa/ | | Bayern Kapital | Government or university fund | Landshut, Germany | Pre-seed, Seed, Series A, Growth | Deep Tech, Healthtech, Biotech, SaaS | | €1.3B (own site) | 2026-11-07 | https://theinvestordatabase.com/investors/bayern-kapital/ | | AXIS (ICO Group) | Government or university fund | Madrid, Spain | Growth, Any stage | Generalist, Deep Tech, Healthtech, Climate Tech | | €12.2B (own site) | 2026-11-09 | https://theinvestordatabase.com/investors/axis-participaciones-empresariales-sgeic-sa/ | | Enterprise Capital Funds programme (British Business Bank) | Government or university fund | Sheffield, United Kingdom | Seed | Generalist | | £1.0B (own site) | 2026-11-04 | https://theinvestordatabase.com/investors/enterprise-capital-funds-programme-british-business-bank/ | | 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) | 2026-11-07 | https://theinvestordatabase.com/investors/cdp-venture-capital-sgr/ | | ADEME Investissement | Government or university fund | Paris, France | Growth | Climate Tech, Energy, Mobility, Food and Beverage | | €400M (own site) | 2026-11-09 | https://theinvestordatabase.com/investors/ademe-investissement/ | You are seeing 25 of 86. The full list adds 61 more funds and 240 named decision-makers. Get all 86 funds and 240 named contacts, $49, one-time: https://theinvestordatabase.com/buy/list/government-and-university-funds This page: https://theinvestordatabase.com/lists/government-and-university-funds/ ## 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: 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. - 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. ## 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.