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The Venture Fund

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The Venture Fund Powered By Docstoc
					Jukka Laiho




          The Venture Fund of South-Eastern Finland

              Aims and objectives

              •   To create a first venture fund for Finnish and European SME
                  in order to start business in Russia
              •   To develop a model of funding business in Russia, which
                  makes it possible also for private capital to fund risk business
                  later on
              •   To create new working places on the both sides of the border
                  * To promote development of venture funds and financial
                  instruments in Russia




                                   www.Imatra.fi
Jukka Laiho




        Description of the best practice

         ·    A regional pilot venture fund, which works as a functioning venture fund
              model for Russia
         ·     Municipalities and other public organisations finance the fund in the
              beginning. Private risk capital will be put to the centre later on
         ·     The juridical form of the fund is limited joint stock company. The idea is that
              funding, which beneficiary pays back to the centre, will be used for new
              objects.
         ·    Beneficaries ( SME) must locate on the territory of South Eastern Finland
         ·    Business must be connected to St. Petersburg or Leningrad oblast
         ·    Investments, credits and guarantees can be financed
         ·     Close cooperation with other financing organisations and instruments
         ·    A limited joint stock company (Ltd)
         ·     The Imatra Region development company will administrate the fund
         ·     Stakeholders: municipalities of South Eastern Finland, Cooperative banks,
              Veraventure Ltd
         ·     Fund cooperates in close cooperation with Finnvera Ltd
         ·     The board makes decisions about credits


                                      www.Imatra.fi
Jukka Laiho




              www.Imatra.fi
Jukka Laiho




              www.Imatra.fi
Jukka Laiho




              www.Imatra.fi
Jukka Laiho




              www.Imatra.fi

				
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posted:10/26/2011
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