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Updated / Wednesday, 12 May 2021 07:25 Minister Simon Harris, Dr Helen McBreen, Partner at Atlantic Bridge and Dr Patrick Prendergast, Provost of Trinity College Dublin A new €80m fund that will be used to invest in companies that have grown out of research conducted in Irish third level institutions has been launched. The University Bridge Fund II is led by European technology fund Atlantic Bridge, in partnership with a number of universities and includes a €20m contribution from Enterprise Ireland. It is thought that the investment has the potential to create up to 1,000 new jobs over ...

Trinity News and Events 12th May 2021 Atlantic Bridge, one of Europe’s top performing growth technology funds, has today announced the launch of University Bridge Fund II, an €80m fund focused on scaling and commercialising extensively validated research from Ireland’s third level institutions into the next generation of deep tech companies with global potential .    The fund is a unique partnership between Atlantic Bridge and Irish universities Trinity College Dublin, University College Dublin and University College Cork to accelerate the commercialisation of world class science and...

Atlantic Bridge launches €80m fund for university spin-outs Simon Harris, TD, with Dr Helen McBreen and Dr Patrick Prendergast. Image: Naoise Culhane The new fund will support the scaling of research spin-outs into the next generation of international deep-tech companies. Investment firm Atlantic Bridge has launched its second University Bridge Fund with returning support from previous investors and a new university partner. The €80m University Bridge Fund II will target funding at spin-outs from validated research at Irish universities. Atlantic Bridge is specifically interested in fundi...

  Navitas Semiconductor, which last year relocated its global headquarters to Dublin, is to go public in a multimillion dollar deal through a merger with Live Oak Acquisition Corp. II, a special purpose acquisition company (Spac). The deal will see Navitas raising about $400 million (€331 million) in capital, which includes $145 million in stock bought by private investors at $10 per share. The transaction is expected to be completed in the third quarter. The combined entity will be worth $1.4 billion. Navitas is a Silicon Valley-founded firm, whose backers include Atlantic Bridge, whic...

GaN IC maker Navitas to go public GaN power IC company Navitas Semiconductor is to become a publicly-traded company by combining with Live Oak Acquisition Corp II, a publicly-traded special purpose acquisition company. The transaction will value the combined entity at a pro forma equity value of $1.4bn, according to Navitas. “Not only has Navitas’ world-class team invented and patented revolutionary new technology, but we have also overcome all the key hurdles associated with bringing it to market,” said Navitas CEO and co-founder Gene Sheridan ( pictured). “We are proud to enter the ...