New fund provides up to €200K
The Slovene Enterprise Fund in cooperation with Initiative Start: up Slovenia and the Ministry of Economic Development recently announced the launch of the SK200 scheme via Go:Global Slovenia (GG) accelerator, a pilot project created this year to support local startups. By injecting 200.000 euros seed capital in small businesses in the form of public equity investments, the project seeks to finance the rapid growth of globally-oriented innovative enterprises, and thus to prevent the exodus of Slovenian startups to incubators and accelerators abroad.
The fund will provide 200.000 euros in a sort of angel investment from the government. Up to seven young companies that have already a product with proven value, will be supported on condition that at least 20 per cent of the investment must be made by a private investor.
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