Italian Ministry of Economic Development‘s National fund for Innovation launched a new vehicle designed to invest in Small and Medium Sized Enterprises.
Ipgest, a new €40.9m fund, will provide venture capital to companies that will make investments designed to increase the economic value of their patents.
The vehicle, managed by Innogest, will invest up to €1,5m in each company in a twelve month period.
The Italian National fund for Innovation contributed €20m to the fund.
FinSMEs
04/04/2013