The vehicle will feature contributions from the Finnish government and the European Investment Fund to support research and science-orientated businesses across Finland.
VTT Technical Research Centre of Finland is to launch a tech transfer fund with a target size of €40m ($46.3m) alongside limited partners including the Finnish government and the EU-owned European Investment Fund (EIF).
The as yet unnamed vehicle is expected to support early-stage research and science-orientated businesses across Finland. The Finnish state will invest $17.4m, contingent on EIF’s contribution amounting to at least 50% of the vehicle’s overall funding.
The fund was announced by the Ministry of Economic Affairs…
