Padua, Italy-based Tech incubator M31 acquired SeedLab, a Milan, Italy science-based startup acceleration program.
The amount of the transaction was not disclosed.
Led by Matteo Faggin, Principal, SeedLab was created as an acceleration program in the framework of the venture capital fund TT Venture, managed by Gruppo Quadrivio. It has supported companies such as Tensive, Neuron Guard, Milky Way, WIB, SEM+, and Epinova.
The acquisition is expected to combine the experiences and skills needed to create a larger organization focused on the early stage. The team of SeedLab now plans to roadshow in several Italian universities to launch a program dedicated to scientific research ricerca scientifica called M31UP.
Led by Ruggero Frezza, founder and President, M31 is a technology transfer company that combines human and financial resources needed to develop new business venture in collaboration with inventors, entrepreneurs, investors and universities.
FinSMEs
02/12/2014