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.
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