A Nordic Innovation Fund could become a reality
The Nordic Ministers for Business, Energy and Regional Policy have decided to continue discussions on the establishment of a Nordic Innovation Fund, together with the European Investment Fund (EIF), which will contribute with one third of the funding.
Nordic Innovation has been working on the preparations for such a Nordic venture capital fund, in close cooperation with the national governments and other relevant stakeholders in the seed and venture capital market, for a number of years. Ivar H. Kristensen, Managing Director at Nordic Innovation, gave a brief presentation at the Ministers' meeting in Helsinki.
The proposal that was presented suggests a major investment of 250 million Euros.
Read more about this at the Nordic Council of Minister's website in the news article: Nordic ministers call for investment in green growth for the future of the Nordic countries.