Portfolio companies


Avantium [The Netherlands] is a leading technology company in the area of advanced high-throughput R&D operating in the energy, chemicals and pharmaceutical industries. The company develops products and processes in the area of biofuels, bio-based chemicals and novel crystal forms of existing drugs by applying its proprietary, high-throughput R&D technology. 

Green Biologics

Green Biologics [United Kingdom] develops and deploys advanced microbial fermentation and process technology that allow customers to utilise readily available agricultural by-products and waste feedstock for conversion into high value chemicals and fuels. The company's technology focuses particularly on the production of n-butanol.      


FRX Polymers

FRX Polymers [USA] commercializes a novel family of non-halogen, transparent, high melt flowing, fire resistant plastics. FRX Polymers is headquartered in Chelmsford MA, where it operates both polymer and monomer pilot facilities. FRX, in collaboration with UIF, is building a semi-works plant in Switzerland.


Punch Powertrain

Punch Powertrain [Belgium] develops and produces continuously variable transmissions (CVT) for passenger cars. The factory in Sint-Truiden, Belgium produces the key components for its factory in China. As an independent supplier the target customers are the independent automotive OEMs in high growth markets. The development roadmap is focused on increasing fuel efficiency and on cost reduction.



EpiGaN [Belgium] develops, produces and commercialises epitaxial materials for power electronics, more specifically GaN-on-silicon wafers. GaN technology is an emerging market for more efficient power electronics as needed for power conversion in power supplies, solar inverters, wind energy, hybrid and electric vehicles and smart grids.