Civil Engineering Reference
In-Depth Information
The key objectives of the Vigo Programme are:
• Incentivising the best business developers to help the most promising start-ups
grow into successful companies.
• Ensuring early stage funding for the target companies, increase their shareholder
value and make them attractive targets for venture investors.
• Raising significant venture capital investments for continued expansion of the
target companies after the acceleration stage.
• Invigorating the Finnish venture capital market and bring more international
acceleration and venture capital players into Finland.
The Finnish Ministry of Employment and Economy (MEE) launched the Vigo
Programme in 2009 in co-operation with Tekes and Veraventure. Tekes is
responsible for the co-ordination on programme and Finnvera participates in the
programme by making investments into the target companies.
The currently active Accelerator companies are:
• Cleantech Invest.
• Food Process Innovations.
• Koppi Catch.
• Lifeline Ventures.
• Lots.
• Veturi Venture Accelerator.
In addition to Tekes and Veraventure also Finnvera, MEE and a cluster of
private investors participate in the programme. (Tekes Homepage).
The first 2 years operation has shown that the concept has been successful in
raising capital for the fund. Also remarkable is that majority of the fund (now
about €60 M) is coming from private sector (60 %).
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