MEVFIII aims to address this gap: It is one of the largest venture capital funds
dedicated to this region, and will help accelerate the growth of the venture capital ecosystem in meeting the growing demand for technology products and services."
As for the sources of funding for the funds, Azer said that the new generation of successful businesspeople has become educated and risk averse, increasing the ability of venture capital funds
to obtain financing on their own, compared to the international financial institutions that require a large sum of market data that cannot be available in an emerging industry.
In the first stages, the venture capital fund
would be utilised to finance startup companies in Malaysia and the entire Southeast Asia region and could later be extended to finance entrepreneurial initiatives in other Islamic countries, including the Gulf Cooperation Council (GCC).
Evonik views investment in technology companies and specialized venture capital funds
as a way to provide the company with access to new technologies outside of its existing portfolio, focusing on the most important trends in technology and certain geographic regions.
Teralys Capital is a fund of funds created to finance private venture capital funds
focused on investing in life sciences, information technology and cleantech companies.
The "action program for the takeoff of the Taiwanese biotech industry" originally envisioned the establishment of NT$60 billion big biotech venture capital fund
, to be contributed by the national development fund and the private sector jointly.
The taxpayer's responsibilities included finding investment opportunities (target companies) for the venture capital funds
, performing due diligence on those opportunities, calling capital, working with each target company to achieve growth, and liquidating investments before termination of the respective venture capital fund
Chairman of the NWDA Robert Hough chose the announcement to point out that the Interim Venture Capital Fund
has successfully filled the gap in public sector venture capital support at a time when public sector monies are being cut.
The venture capital fund
will be alloted EUR 30 M, with the JEREMIE initiative providing EUR 21 M of those.
"A Venture Capital Fund
would enable us to provide a source of funding for business.
The Government has declined to release a breakdown of how the West Midlands publicly-backed venture capital fund
is performing following a report showing a dismal collective return across all the equivalent UK funds.
MANAMA: The Labour Fund and Bahrain-based Venture Capital Bank have unveiled a new growth engine for small to medium enterprises (SMEs) - a dedicated $15 million Venture Capital Fund