Economy Ministry launching a new business investment tool

The Ministry of Economy and Innovation and INVEGA are launching a new venture capital financial instrument “Development Funds III”, announcing the selection of venture capital fund managers, the ministry said in a press release.

The selected fund managers and the funds they set up will receive EUR 60 million in public funding. Depending on their investment strategy, the funds will be able to invest in both promising start-ups and expanding companies with high growth potential.