First UK Knowledge Intensive deeptech university fund January 11, 2021 // By Nick Flaherty
The first UK Knowledge Intensive Funds from Parkwalk is backing deeptech university spinouts in hardware, AI and quantum
UK venture capital fund Parkwalk has launched one of the first Knowledge Intensive Funds to be approved by the UK government to invest in deeptech startups.
The fund will invest in ground-breaking deeptech businesses spun out of UK universities, but with a facility to carry back income tax relief to the previous tax year and reduced administration for investors. Launching in early January 2021, the Fund will close at the end of the tax year in April 2021, and the size depends on the participation of investors.