Too much research, too few startups: Noctua raises €15M to close Austria's deeptech gap
Noctua Science Ventures, a specialised pre-seed fund for research-based deeptech spin-offs from Austria, has successfully completed its first closing at €15 million and has begun investing. First clo...
Noctua Science Ventures, an Austrian pre-seed fund focused on deeptech spin-offs, has successfully raised €15 million for its inaugural investment round. Investors include prominent entities such as ERSTE Group, Verbund, Allocator One, and alumni from several leading Austrian universities, including TU Wien, TU Graz, Montanuniversität Leoben, BOKU, and Johannes Kepler University Linz.
Noctua aims to address the shortage of private funding for high-risk deep-tech projects by providing early-stage financing at the pre-seed level, thereby transforming cutting-edge research into market-ready companies. The fund seeks to create value, innovative strength, and employment opportunities in Austria while leveraging research grants and supporting experienced entrepreneurs alongside scientist-founders.
With plans to make up to ten investments annually and commit up to €500,000 per spin-off as the lead investor, Noctua's selection criteria emphasize scalability, market size, and defensibility.
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