NIF obtained EUR 50m for investment support for start-ups

Published: 16.01.2018 Related countries:  United Arab Emirates United Arab Emirates

According to EU statistics, the Czech Republic is at the top of the EU list of startup investments. The aim is to support start-up entrepreneurs in their access to capital funding for their development on market principles.

The Ministry of Industry and Trade has allocated EUR 40m from the structural funds for the National Innovation Fund (NIF) project. NIF has gained another EUR 10m as a co-investment from the European Investment Fund. The ministry has informed that the proceeding for permission of NIF’s activity is currently underway. The fund will be formed as a newly built governmental investment company with professional management and a licence from the Czech National Bank that will be responsible for the implementation of a new type of government subsidies – refundable investments.

 

 

 

Source: CIANEWS, www.czechstartups.org