The EU has stepped up its investment in the venture capital industry
and will make a €1 billion fund available by the end of 2012, European
Investment Bank (EIB) Vice-President Matthias Kollatz-Ahnen told
EurActiv in an interview.
Kollatz-Ahnen said the EIB has mandated its long-term investment arm – the European Investment Fund (EIF) – to increase its relative stakes in venture capital funds to ensure that they are large enough to support the development of innovative new technologies.
The €1 billion fund, known as the Mezzanine Mandate for Growth (MFG), has already approved a number of deals and will be fully operational in around 18 months' time.
To read the full, original article click on this link: EIB ramping up support for venture capital | EurActiv
Author: EurActiv
