Project Detail |
Location:
Regional
Project number:
42746
Business sector:
Telecommunications, Media and Technology
Notice type:
Private
English-language PSD published:
03 Dec 2024
Project Description
This PSD relates to a historical Bank project approved some years ago, and does not represent a new approval, or allocation of new funds. Disclosure of this PSD was deferred in accordance with the transparency framework in place at the time, but due to an administrative oversight, was not subsequently disclosed
The EBRD approved allocation of EUR 100 million to a venture capital investment programme (VCIP) with a view to investing in 10 – 20 companies with high quality entrepreneurs and management teams to support development of innovative technologies and business models so as to move from product development to commercialisation, or from early revenue stage to larger market opportunity stage. Investments were to take place in technology sectors including software and web services, semiconductors and materials, communications, mobility and media, and clean tech, in Poland, Estonia, Bulgaria, Ukraine and Turkey.
Project Objectives
The transaction was intended to target innovative and high growth SMEs in the region, to channel important venture capital support and interest toward technology investment. It was anticipated that this would allow for development and maintenance of an extensive network of relationships with global and local venture capital investors to promote technology investments. |