Venture capital investments for start-ups with growth potential to transfer from Finnvera to Tekes
The supply of public risk financing for start-up enterprises with growth potential will be streamlined by concentrating these operations in Tekes. In addition to grants and loans, Tekes will be able to finance growth through venture capital investments. In the division of labour among State-owned providers of risk financing, Finnvera has handled venture capital investments for start-up enterprises, but now these operations will be transferred to Tekes.
Tekes will start making venture capital investments at the latest in January 2014. Finnvera will continue to manage its existing venture capital investments until the investment portfolio is given up.
The change will have no impact on the Finnvera Group’s capital adequacy. Nor will there be any direct effects on the personnel.