Direct investments in starting enterprises
Finnvera makes direct investments in early-stage enterprises through Seed Fund Vera Ltd. Finnvera's goal is to cover shortcomings existing on the market between product development funding and private equity investments. Finnvera does not compete with private financiers; instead, it strives to supplement the financial market.
Finnvera's investments enable, start and accelerate growth and internationalisation among investment targets. Enterprises are developed to make them attractive targets for further financing by other investors and industrial actors. Investments are made in technology enterprises at an early stage and in technology-intensive or innovative service enterprises that have potential for developing into international growth enterprises.
Finnvera complies with the EU rules on State aid.
Additional information on the website of the Ministry of Employment and Economy: www.tem.fi > EC regulation on State aid
Investments in regional funds
In regional fund activities, Finnvera acts on the ‘fund of funds’ principle, making venture capital investments in regional funds organised as limited companies. Fund investments are made through Veraventure Ltd, a subsidiary of Finnvera. In this respect, too, Finnvera acts as a fund supplementing the capital investment market.
The objective is to support regional industrial policy and to ensure that growth enterprises can obtain financing through venture capital investments. Regional impacts are analysed by means of indicators such as the number of investments made by target funds and the development of investment targets.