Veneto Region has launched a new public venture capital fund aimed at investing in start ups and small and medium companies involved in innovation processes.
Investors include the European Regional Development Fund, and the Veneto Region.
The €35m fund, which will be managed by Veneto Sviluppo, is aimed at making minority investments up to €1.5m. It will take minority stakes between 15% and 45% of the equity of the company.
The investments will have a duration of 3/5 years.
This new vehicle adds to a fund aimed at investing in local small and medium enterprises and cooperatives.