Estonia plans large-scale start-up investment

  • 2013-12-18
  • 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 around 20 million euros, which means that 80 million euros would be channeled to the start-up co...
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