The University of Groningen and the University Medical Center Groningen (UMCG) have taken the initiative for a new investment fund for innovative spin-offs generated by the University and/or the UMCG. The businesses need to be involved the main focus areas of the University and the UMCG: life sciences/healthy ageing, energy and sustainable society. The official launch party for the fund was held this morning. The fund, called Carduso Capital, contains € 16 million. Investors in the fund include the University of Groningen, the UMCG, Investeringsfonds Groningen [Groningen investment fund], the Northern Netherlands Development Agency (NOM), and the De Friesland Zorgverzekeraar’s De Friesland Participatiefonds [Friesland Participation Fund]. Carduso is currently in advanced negotiations with another major investor.