Start-ups
Finland readies $3.7-billion fund to finance digital ventures
First investments could be made as early as by end of second quarter this year, government says
Finland's government wants to generate cash from a part of its equity holdings to fund investments in start-ups in digital and platform businesses.
The new investment vehicle, Vake, is being readied to manage assets worth about €3 billion ($3.7 billion), according to Jyrki Knuutinen, who started as the director of the Finnish government state ownership steering department last month.
To keep reading
please sign up for free!
Already have an account? Sign in here.
Editor's Picks
uncertainty
—
17.10.2019
Many loose ends for Luxembourg residents, business if no-deal Brexit
Rue de Strasbourg
—
12.10.2019
Protesters block Gare area to demand action over drug crime
Ecofin
—
10.10.2019
Italy, Sweden give early hint on new EU development bank
Response
—
09.10.2019
Parliament tears into Bettel over political programme
Huawei
—
09.10.2019
US dangles threat as Luxembourg moves ahead on 5G
