Croatia Establishes Risk Capital Fund

There are a lot of young companies with new products or services and no financiers so the state will establish a risk capital fund.

Minister Vukelic announced the state will establish a risk capital fund because work groups among entrepreneurs showed there were lots of young companies with new products or services, which have no sponsors because the banks were unwilling to enter into new projects.

Work on the project in the next three years

In the financing of risk capital funds, Venture Capital or Private equity funds, some other corresponding ministries will be included, and the Ministry of Economy will take care of the legal solutions. Ministry of Economy announces it will work on this project for the next three years, the web-site presscut.hr writes.