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Our
aim is to invest in a broad number of companies from
several sectors. We are primarily interested in SMEs
(in start-up or early development) offering a distinct
competitive advantage and -preferably- involved in
cutting-edge sectors such as telecommunications, IT,
energy, e-commerce, biotechnology and new materials.
We are also interested in companies from other sectors
whose competitive advantage is founded on applications
of technology, and on innovative scientific research.
We are also interested in internationally tested
business ideas that are currently being transferred
to the Greek market.
The Fund must be fully invested within 5 years from
its set-up.
Condensing the main aspects of the Fund investment
strategy, we can say that:
The fund invests in Greece.
It
invests in a wide range of innovative companies, primarily
in the fields of energy, telecommunications,
IT and IT applications (e-commerce, Internet,
etc.).
The
Fund may also invest elsewhere in Europe through companies
with legal seat in Greece.
Total
investment in a single company cannot exceed 15% of
Fund assets (€4.5m) in the case of start-up or early-stage
firms (not yet profitable), or €3m for later-stage
SMEs. There is also a limit of €1m per financing round,
with consecutive rounds spaced no less than 6 months
from each other.
Every
effort will be made to support and add value to portfolio
companies.
The
Fund will also seek to optimally use subsidies, EU
financing programmes, tax breaks and so on in combination
with own financing for potential investments; this
is not, however, a criterion for selecting investments.
Co-investment
with other funds is a distinct, and often welcome,
possibility to be examined on a case-by-case basis.
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