The UK’s £1.9bn (€2.3bn) Royal County of Berkshire Pension Fund is to invest £15m in a new fund aiming to direct institutional capital into the commercialisation of UK university research.
The local authority pension fund committed the £15m to the British Innovation Fund (BIF), launched on 1 December by Future Planet Capital and Milltrust International Group.
The fund has received commitments of £30m so far.