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The fund has been seeded with a $25 million special purpose investment vehicle.
The world’s first venture capital fund to use conservation technologies from Oxford University was announced Tuesday by venture capital firm Global Accelerated Ventures (GAV) and Oxford University Innovation (OUI), the research commercialization arm of the school.
The Oxford GAV Conservation Venture Studio (OXGAV) has funding from a $25 million special purpose investment vehicle (SPV). The founders say the SPV structure will help OXGAV support and bring prototypes to market much more quickly than traditional venture capital structures. It does not charge a 2% management fee, though it keeps the 20% incentive fees.