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The Business Innovation Fund is an investment fund that actively participates in the development and growth of the Icelandic economy by investing in promising innovation and start-up companies.

Use: Go2Market;
Date closing: -
Amount: -
Industry focus: All
Total budget: -
Entity type: Public Agency
Vertical focus: All
Website: http://nsa.is/

Status:
Open
Funding type: Equity investment;
Geographic focus:
Public/Private: Private
Stage focus:
Applicant target: Startup;

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Overview

Since its inception, the fund has invested in 160 companies and invested a total of ISK 11 billion.

In its activities, the Innovation Fund takes into account the policy of the Science and Technology Council. The fund is also authorized to seek cooperation with other entities in the field of risk financing.

The role of the Business Innovation Fund includes:

-To invest in risky innovative and start-up companies, regardless of industry, where there is a chance of high growth and a lack of risk capital. The fund makes similar requirements for the return on funds as other risk investors.

-That follow-up investments are in the form of additional capital and loans. The fund generally requires a board seat in connection with investments.

-That the sale of the fund's holdings is focused on transparency in the sales process.

-To attract domestic and foreign capital for investments in Icelandic innovation and start-up companies.

-Being a lead investor in new projects where appropriate.

-That the Innovation Fund is reliable and flexible, and therefore in demand for cooperation with the financing of Icelandic innovation and start-up companies.

-That the Innovation Fund promotes improved governance in the companies it invests in.

-That the Innovation Fund is a sought-after workplace.

The role of the Business Innovation Fund is to promote the development and growth of the Icelandic economy by participating in investments in start-up and innovative companies. The fund also grants loans in parallel with the purchase of holdings. In its activities, the Innovation Fund takes into account the policy of the Science and Technology Council. The fund is also authorized to seek cooperation with other entities in the field of risk financing.

Portfolio: Genis, Primex, Florealis, Ankeri.

Last updated on 2023-01-12 19:17