About the Seed and Start-Up Venture Capital Programme

Seed and start-up venture capital investments can be made in the equity capital of an enterprise or in the form of quasi-equity.

A seed and start-up venture capital ensures a possibility of development to new and innovative enterprises at an early stage of development and with a high growth potential, in which traditional financers choose to refrain from investing due to high risk. 

An investment can be used for financing both fixed and current assets.

The companies will receive support in two separate stages —  seed and venture money investments:

seed money investments, i.e. up to EUR 250,000 per company;

venture money investments, i.e. up to EUR 2.1 million per company.

The term of investment is from 4 to 5 years.

An investor becomes a business partner of an enterprise, providing the enterprise with its experience and knowledge, assisting in jointly reaching the set goals, thus promoting the commercialisation potential and growth of the enterprise.

The seed and start-up venture capital investment is made with an aim to commercialise project technologies to promote the growth of international-scale business.

Seed and start-up venture capital funding will be provided as support for venture funding in accordance with requirements set forth in Article 21 of Commission Regulation (EU) No. 651/2014 of 17 June 2014.

The programme is governed by Cabinet Regulation No. 518 of 12 April 2016 "Regulations on Seed Capital and Venture Capital Funds for the Establishment, Development and Competitiveness of Economic Operators".