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Investment Plan: key investments made across Europe in science-driven innovation, small businesses and energy efficiency

The first venture capital fund in the Nordics investing purely in start-ups with a deep tech and science background was launched on 29 April.

date:  08/05/2019

See alsoInvestment Plan for Europe: the Juncker ...

The first venture capital fund in the Nordics investing purely in start-ups with a deep tech and science background was launched on 29 April. Voima Ventures, which has a target size of EUR 50 million, combines science-driven innovation and teams with a global entrepreneurial mindset and provides access to global networks and capital. Cornerstone investors are the European Investment Fund (EIF) and VTT Technical Research Centre of Finland, backed by Finnish private and institutional investors. The EIF will provide up to EUR 20 million, supported by the European Commission’s “InnovFin Equity Facility”, backed by the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe. The European Investment Bank (EIB) announced on 17 April that it will lend EUR 100 million through Funding Circle, a leading global platform for small business loans. This investment, alongside a further EUR 25 million from a leading global asset manager, will support over 2,000 small businesses in Germany and the Netherlands. On 16 April, the EIB announced that it is providing a EUR 86 million loan to help improve the energy efficiency of a network of 46 airports and two heliports across Spain managed by Aena.