In order to strengthen Tyrol as a business location and to make it even more attractive for technology-based startups, Lebensraum Tirol Holding has initiated the establishment of the venture capital fund “Onsight Ventures +”. BioNTech co-founder Christoph Huber and entrepreneur and investor Hermann Hauser are also on board.
“Onsight Ventures +” is an internationally oriented investment fund based in Innsbruck. It was founded jointly by the location agency Tirol, Hermann Hauser Investment GmbH, IECT Management GmbH and Round2 Capital. The fund started with ten million euros and can effectively support companies in the risky initial phase. The aim is a total endowment of 20 million euros.Motor of changeFor LH Günther Platter an important step for the future of the country: “Startups are part of a modern business location, because they create attractive jobs, are engines of structural change and increase competitiveness . Investing in groundbreaking technologies also means actively helping to shape the economic development of Tyrol. That happens with this investment fund for technology-based companies. “The state could create the optimal framework conditions, but the private sector had to contribute risk capital.” Courage to dream big “Christoph Huber, Advisory Board Member of Onsight Ventures + and co-founder of BioNTech is convinced:” It needs courage to dream big and turn these dreams into reality, because only those who risk falling can really learn to fly. “
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