Belgium -- Capital-E, a new venture fund closely
related to the Belgian research centre for nanotechnology
and nano-electronics IMEC, today announces a first capitalization
of 35.5 million euros. Capital-E aims at two to three
investment projects a year in micro- and/or nanoelectronics
startups in various sectors. The fund wants to become
the European reference in its domain.
On April 10, 2005 the Belgian research centre took
the initiative to launch a new venture capital fund,
called Capital-E. Eleven months later, the fund -
together with its daughter fund Capital-E ARKiv -
announces that it has gathered a total of 35.5 million
euros. It is thereby ready to finance 'young potentials'
within the micro- and nanoelectronics sector. Next
to IMEC's contribution, injected through its daughter
Fidimec NV, Capital-E secured additional investments
from various (mainly institutional) Belgian players,
including the Arkimedes fund of the Flemish government.
In its domain, Capital-E is Belgium's largest fund
that is also prepared to finance 'seed' initiatives.
The management of the fund wants to become the reference
in Europe in its domain.
On the short term, the focus is mainly on Flanders, but will gradually shift
towards the whole of Western Europe. Before the end of 2006, Capital-E expects
to announce a second close with also non-Belgian investors, bringing the total
capital to 50 million euros. Capital-E specifically looks at 'early-stage'
micro-electronics companies in a variety of sectors. A total of ten to fifteen
projects are projected to be financed within the next five years. Capital-E
will not only focus on IMEC spin-offs, but targets any microelectronics startup
in various sectors such as healthcare, biotechnology...
The fund is uniquely positioned in several ways. First of all because of the
privileged operational link with IMEC, a globally renowned research centre
that has set up more than twenty successful spin-offs over the years. Besides
this, Capital-E has a right of first refusal on IMEC spin-off incubation projects.
Moreover, the managers of Capital-E partners stand out because of their entrepreneurial
and industrial background, which ensures a natural fit with starting companies.
Gilbert Declerck, CEO of IMEC, announces: "Together with its daughter Fidimec
NV, IMEC is very pleased to participate in Capital-E. It is our strong believe
that through Capital-E, we will provide a solid base for future spin-off projects
based on IMEC's intellectual property. The fact that Capital-E also invests
in seed initiatives makes them an attractive partner. Capital-E allows for
a fast, efficient and well-founded transition from a great idea towards a successful
Capital-E, including daughter company Capital-E ARKiv, is an early-stage venture
capital fund that focuses on electronics-related startups. The fund is managed
by an independent and complementary team of three people. Wim De Graeve has
been closely involved in two startups himself. Pascal Vanluchene can count
on a solid industrial background in both multinationals as high-tech startups.
Marc Wachsmuth completes the team. With his experience in a prominent Flemish
investment company, he can be called the 'venture capitalist' of the team.
About IMEC IMEC is a world-leading independent research
center in nanoelectronics and nanotechnology. Its research focuses on the
next generations of chips and systems, and on the enabling technologies for
ambient intelligence. IMEC's research bridges the gap between fundamental
research at universities and technology development in industry. Its unique
balance of processing and system know-how, intellectual property portfolio,
state-of-the-art infrastructure and its strong network of companies, universities
and research institutes worldwide position IMEC as a key partner for shaping
technologies for future systems. As an expansion of its wireless autonomous
microsystems research, IMEC has created a legal entity in the Netherlands.
Stichting IMEC Nederland runs activities at the Holst Centre, an independent
R&D institute that develops generic technologies and technology platforms
for autonomous wireless transducer solutions and systems-in-foil.
IMEC is headquartered in Leuven, Belgium, and has
representatives in the US, China and Japan. Its
staff of about 1400 people includes close to
500 industrial residents and guest researchers.
In 2005, its revenues are estimated to be close
to EUR 200 million.
Fidimec NV is the IMEC holding company and was
established as vehicle for IMEC's stock-option
plan. IMEC contributes all its equity participations
to Fidimec, from where they are managed. Fidimec
holds a portfolio of 15 participations, which
are a.o. shares originating from technology transfers
in both spin-offs and other start-ups. Further
information on IMEC can be found on
For more information:
mobile phone: +32 478 60 80 43
Wim De Graeve
mobile phone: +32 497 50 99 19
IMEC Katrien Marent
Corporate Communication Manager IMEC
Tel: 016 28 18 80