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Government investment offices

Source: FundingWatcher. Data as of 4 September 2026.

732
Government investment offices
63
Countries
13
Location pages
100
Rows shown
Government investment offices by countryUnited States269United Kingdom60Canada58China33Australia27India20Belgium17Germany14Ireland11The Netherlands11
Figure 1. Government investment offices by country, ten largest. Source: FundingWatcher. Data as of 4 September 2026. Base: 732.

Most active government investment offices

By recorded investments
100 rows
# Name Location Investments Lead Exits People
1 National Science Foundation Alexandria, United States 4,642 4,419 269 0
2 Bpifrance Maisons-alfort, France 1,680 454 214 323
3 US Department of Energy Washington, United States 1,460 1,336 193 0
4 NYSERDA Albany, United States 1,034 29 113 0
5 Enterprise Ireland Dublin, Ireland 955 272 124 0
6 Employment and Social Development Canada (ESDC) Gatineau, Canada 859 847 0 287
7 U.S. Department of Agriculture Washington, United States 828 801 22 0
8 International Finance Corporation Washington, United States 770 472 212 156
9 Maine Technology Institute Brunswick, United States 717 588 21 0
10 BDC Venture Capital Calgary, Canada 715 146 183 596
11 Technology Development Fund Reykjavík, Iceland 692 687 15 0
12 Innovation Works Pittsburgh, United States 661 84 56 0
13 Government of Canada Gatineau, Canada 595 470 47 287
14 European Bank for Reconstruction and Development London, United Kingdom 456 355 107 0
15 British International Investment London, United Kingdom 432 140 81 0
16 Scottish Enterprise Glasgow, United Kingdom 392 140 36 0
17 IQT Arlington, United States 388 84 116 0
18 Connecticut Innovations Rocky Hill, United States 352 110 66 0
19 Foundation for Innovation and Technology (FIT) Lausanne, Switzerland 345 329 35 0
20 Massachusetts Clean Energy Center Boston, United States 320 251 33 0
21 Development Bank of Wales Cardiff, United Kingdom 316 191 32 0
22 TEDCO Columbia, United States 312 214 23 0
23 European Commission Brussels, Belgium 296 204 47 0
24 Sustainable Development Technology Canada Ottawa, Canada 292 217 43 0
25 Export Development Canada Ottawa, Canada 256 73 69 0
26 La Caisse Montréal, Canada 255 128 91 0
27 Invest Nebraska Lincoln, United States 255 78 13 0
28 Ben Franklin Technology Partners of Northeastern Pennsylvania Bethlehem, United States 254 74 17 0
29 Business Finland Helsinki, Finland 244 103 23 0
30 Innosuisse Berne, Switzerland 232 184 13 0
31 Ukrainian Startup Fund Kyiv, Ukraine 225 184 3 0
32 FedDev Waterloo, Canada 224 186 29 0
33 Natural Resources Canada Ottawa, Canada 219 208 34 0
34 Atlantic Canada Opportunities Agency Moncton, Canada 212 175 14 0
35 FMO The Hague, The Netherlands 203 108 37 0
36 Prairies Economic Development Canada Edmonton, Canada 201 190 8 287
37 KfW Frankfurt, Germany 198 29 56 307
38 U.S. Department of Education Washington, United States 189 181 2 0
39 Pacific Economic Development Canada Vancouver, Canada 183 179 7 287
40 DBJ Capital Otemachi, Japan 182 33 32 0
41 South Carolina Research Authority Columbia, United States 178 155 11 0
42 JumpStart Inc. Cleveland, United States 175 49 18 0
43 Belgian Investment Company for Developing Countries Brussels, Belgium 168 91 14 0
44 Massachusetts Life Sciences Center Waltham, United States 166 148 16 0
45 NJEDA Trenton, United States 161 143 24 0
46 Adage Capital Management Boston, United States 161 13 119 0
47 ACF Investors Sheffield, United Kingdom 156 46 24 0
48 Launch Tennessee Nashville, United States 154 38 17 0
49 Pequot Capital Westport, United States 150 52 59 0
50 Qatar Investment Authority Doha, Qatar 149 60 46 0
51 BOM Tilburg, The Netherlands 148 29 14 34
52 PMV Brussels, Belgium 146 34 24 0
53 U.S. Small Business Administration Washington, United States 142 118 1 0
54 Tesi Helsinki, Finland 141 24 22 0
55 Wellcome Trust London, United Kingdom 133 52 42 0
56 Export and Investment Fund Hellerup, Denmark 133 49 8 0
57 Missouri Technology Corporation Jefferson City, United States 132 55 9 0
58 TD Charitable Foundation Portland, United States 126 125 0 0
59 National Institute of Allergy and Infectious Diseases Bethesda, United States 126 107 16 0
60 NRW.BANK Düsseldorf, Germany 126 28 17 0
61 Iowa Economic Development Authority Des Moines, United States 125 116 4 0
62 AmeriCorps Public Allies Washington, United States 121 121 0 0
63 KDB Capital Seoul, South Korea 120 5 18 0
64 Virginia Innovation Partnership Corporation Richmond, United States 119 99 4 7
65 British Business Bank Sheffield, United Kingdom 118 51 6 0
66 National Institute on Aging Bethesda, United States 115 95 9 0
67 California Energy Commission Sacramento, United States 113 87 18 0
68 CORFO Santiago, Chile 113 44 4 0
69 Eurostars Brussels, Belgium 111 79 12 0
70 S.R.I.W. Liège, Belgium 111 24 16 0
71 UK Research and Innovation Swindon, United Kingdom 105 87 5 188
72 One North Carolina Small Business Program Raleigh, United States 99 98 4 0
73 ARPA-E Washington, United States 99 80 14 0
74 AQC Capital Montréal, Canada 98 21 9 0
75 Maryland Department of Commerce Baltimore, United States 96 96 5 0
76 UK Department for Transport London, United Kingdom 95 92 10 795
77 Finnvera Venture Capital Kuopio, Finland 93 16 20 0
78 Vinnova Stockholm, Sweden 91 61 17 0
79 Innovation Fund Denmark Copenhagen, Denmark 91 29 10 0
80 Center of Aging and Brain Health Innovation Toronto, Canada 85 68 1 0
81 Maryland Venture Fund Columbia, United States 82 13 24 0
82 National Institute on Drug Abuse (NIDA) Bethesda, United States 81 63 11 0
83 Commission on Science, Innovation and Technology Trenton, United States 79 72 0 0
84 Innovation Norway Oslo, Norway 79 39 8 0
85 BIRD Foundation Herzliya, Israel 77 63 6 9
86 National Endowment for the Humanities (NEH) Washington, United States 76 72 0 0
87 UNIIQ Den Haag, The Netherlands 76 49 1 0
88 Government Of Quebec Quebec, Canada 73 39 11 0
89 Brandenburg Kapital Potsdam, Germany 73 31 7 0
90 NSF Small Business Innovation Research / Small Business Technology Transfer (SBIR/STTR) Arlington, United States 72 55 6 0
91 The Austrian Research Promotion Agency (FFG) Vienna, Austria 72 22 3 0
92 Colorado Office of Economic Development and International Trade Denver, United States 71 67 3 0
93 austria Wirtschaftsservice (aws) Vienna, Austria 70 21 7 0
94 Advanced Industries Accelerator (AIA) Program Denver, United States 69 58 2 0
95 Finnfund Helsinki, Finland 69 34 9 0
96 European Space Agency Paris, France 67 35 4 111
97 Northern Border Regional Commission Concord, United States 66 66 1 0
98 National Institute of Neurological Disorders and Stroke Bethesda, United States 66 47 8 0
99 Federal Ministry for Economic Affairs and Energy (BMWi) Berlin, Germany 65 36 6 0
100 National Development Fund of Taiwan Government Taipei, Taiwan 64 13 5 0

Table 1. The 100 government investment offices with the most recorded investments. Source: FundingWatcher. Data as of 4 September 2026. Base: 732.

By location

13 pages, 13 shown
United States269 United Kingdom60 Canada58 District of Columbia43 Washington43 Maryland34 China33 England28 London28 Australia27 Ontario25 California23 India20

By country

United States269
United Kingdom60
Canada58
China33
Australia27
India20
Belgium17
Germany14
Ireland11
The Netherlands11
Poland10
France9
Japan9
Singapore9
Switzerland7

Table 2. Government investment offices by country, 15 largest. Source: FundingWatcher. Data as of 4 September 2026. Base: 732.

By city

Washington43
London28
Bethesda14
Ottawa12
Brussels11
Sacramento11
Toronto11
Boston9
Singapore9
Canberra9
Dublin8
Baltimore7
Tokyo7
New Delhi7
Montréal6

Table 3. Government investment offices by city, 15 largest. Source: FundingWatcher. Data as of 4 September 2026. Base: 732.

Investment stages

Grant makers474 Early stage investors191 Seed investors177 Late stage investors80 Debt investors74 Venture investors62 Private equity investors55 Post IPO investors22
Cite: FundingWatcher, 732 government investment offices, 4 September 2026. https://fundingwatcher.com/investors/government-investment-offices/