The financing comes mainly via the 2014-2020 competitiveness program and is co-financed by the European Regional Development Fund.
The company targets involvements in technology and other sectors where intellectual property is key. EGV targets minority stakes and will invest maximum EUR3.5 million per company.
EGV will also run a start-up accelerator program selecting five or six companies a year, investing between EUR20,000 and EUR200,000 in exchange for 5% to 15% common stock.