A new investment fund by a Vancouver-based venture capital group and an alliance of robotics professionals in the Netherlands plan to invest 100 million ( 113.6 million) into robo-startups around the world, according to a joint statement this past week. The RoboValley Fund, named after the RoboValley Innovation Hub located near the Hague leading the charge, will likely focus on seed and early stage funding. RoboValley touts 170 members from a variety of AI and robotics-related disciplines and is based out of the Delft University of Technology. The investment strategy will be managed and led by Chrysalix Venture Capital. According to Markets and Markets, the industrial robotics market is predicted to reach a value of nearly 80 billion by 2022.