The Institute for the Promotion of Innovation by Science and Technology in Flanders

investment firm

About

The Institute for the promotion of Innovation by Science and Technology (Innovatie door Wetenschap en Technologie, IWT-Flanders) is a

Details

Founded date
Jan 1, 1991
Operating Status
Active
Also Known As
IWT.BE
Investor Type
Government Office

The Institute for the promotion of Innovation by Science and Technology (Innovatie door Wetenschap en Technologie, IWT-Flanders) is a public institution in Flanders (Belgium) to provide R&D and innovation support. The institute was established by the Flemish government in 1991. To support its goal the institute has several financial tools and an annual budget of 190 million EUR (in 2002) at its disposal. Paul Zeeuwts was its President from 1991 until 2009.

Besides direct funding of projects, the institute provides a variety of services to the local industry in the field of technology transfer, partner search, information about international subsidy options, etc. Part of its mission is to promote a strong co-operation between all organisations in Flanders, offering technological innovation services to companies. Over the years the institute has become the knowledge center for R&D and innovation in Flanders.

Investments

Number of Investments
Number of Lead Investments
9
6
The Institute for the Promotion of Innovation by Science and Technology in Flanders has made 9 investments. Their most recent investment was on Nov 7, 2017, when Bloomlife raised $2.30M.
Date Company Name
Round Money Raised Industry Lead Investor
Nov 7, 2017 Bloomlife
Grant $2.30M Fitness
Grant €1M Biotechnology Yes
Grant €1.60M Biotechnology Yes
Dec 20, 2014 Motosmarty
Grant $500K Analytics
Jul 2, 2013 Okapi Sciences
Grant Biotechnology Yes

Employee Profiles

Number of Employee Profiles
1
The Institute for the Promotion of Innovation by Science and Technology in Flanders has 1 current employee profiles, including Executive Paul Zeeuwts
Executive

Exits

The Institute for the Promotion of Innovation by Science and Technology in Flanders has had 3 exits. The Institute for the Promotion of Innovation by Science and Technology in Flanders most notable exits include Galapagos ,   Nomadesk

Date Company Name Exit Type Industry
Oct 5, 2017 Galapagos IPO Biopharma Detail
Mar 27, 2017 Nomadesk M&A Cloud Computing Detail
Jan 6, 2014 Okapi Sciences M&A Biotechnology Detail