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About the Venture Capital Programme

On 15 October 2018 a contract was signed for the creation of a second venture capital fund “FlyCap Mezzanine Fund II”, which will be managed by venture capital fund manager “FlyCap”.

  • Venture capital is a long-term equity investment in companies with high growth potential, boosting their value growth, growth speed and expansion

  • Venture capital investments can be made as investments in a company’s equity capital or quasi-capital


  • Venture capital provides opportunities for companies with high growth potential and innovative enterprises which do not receive investments from traditional financiers due to high risk

  • The volume of investments can reach EUR 3.75 million in one enterprise

  • The investment period – up to 5 years

  • The investor becomes a business partner, sharing the risks and the income of the company, and who provides the company with his experience, knowledge, access to a range of contacts and experts, with an intention of enhancing the company’s turnover, profitability and value

  • Venture capital investments are made to increase a company’s value by funding its growth and development

  • 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".