GorillaPark, the largest privately-held tech incubator and business accelerator in Europe and once a bellwether of the now-burst technology bubble, is no longer.

The company was declared bankrupt last week, although it managed to pay its creditors - including Deutsche Bank, Goldman Sachs and Fortis Bank - at least $6m, former CEO Mol told Dutch news site Emerce today. Initial investments amounted to over $75m.

As a result of a management buy-out led by Jerome Mol, the business will now continue as GP Ventures, which nurtures at least three former GorillaPark startups: Vibrant Media, Mobile Commerce and Natural Motion, all based in the UK. Its website (http://www.gorillapark.com) is still under construction.

GorillaPark filed for bankruptcy protection (http://www.theregister.co.uk/2003/09/29/gorillapark_goes_titsup/) in September 2003. At the time Mol claimed that the shake-up had no consequences for the 60 or so people working for the company. But most offices, including those in Amsterdam, were already empty by the beginning of this year. ®

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GorillaPark goes titsup (http://www.theregister.co.uk/2003/09/29/gorillapark_goes_titsup/)