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".