[Nettime-nl] nieuws over technopartner

[geert lovink <geert@desk.nl>]

Fundraising across Europe: governments show some teeth

From: newsletters@listserv.tornado-insider.com

In its aim to promote investments in innovations, TechnoPartner (an 
initiative by the Dutch Ministry of Economic Affairs) announced the 
first allocations of its Seed-facility. This regulation allows 
investors in seed-stage companies to improve their risk/return 
trade-off by matching the funds committed to by the investor. Given the 
recent Dutch scarcity of VC funds under management, the interest for 
the regulation was tremendous with 14 applications received. The first 
5 funds have been selected with funds totaling 33.2 million euro - 
TechnoPartner contributed 16.6 million euro to this amount. The winners 
were Aglaia Oncology Seed Fund, Business Angels Technostarters, Seed 
Fund III, Solid Ventures and Prime Technology Ventures Technostarter. 
TechnoPartner's budget for 2006 amounts to 24 million, for which 
closed-end VC funds can apply January 1 to March 31. Solid Ventures 
comments in a statement on its election that "recent positive 
developments in the Dutch ICT sector demonstrate that The Netherlands 
is an excellent, but completely underserved source of innovative 
technology." The fund will focus on investments in startup and 
early-stage Dutch enterprises in the IT, communications, digital media 
and technology-based services.




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