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Estonia plans large-scale start-up investment

Dec 18, 2013
From wire report

TALLINN - The Estonian state plans to enter the risk capital market via the state-owned Kredex foundation and invest 60 million euros in start-up companies, reports Postimees. Postimees claims that the state intends to create a fund of funds with an amount of 60 million euros and channel that money into sub-funds for which the state picks fund managers. In all sub-funds, private investors will add funds in addition to state funds. In addition to state money, private investors should add ...

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