EU provides VC funding for Hungarian startups

How many of you have heard about the Jeremie Fund? This is European Commission initiative to provide seed funding and other support to innovative, early stage companies. Most of what we’ve heard in Hungary has been word of mouth. There’s been very little published in the Hungarian press, or on the Internet.

RealDeal.hu published this brief announcement:

Eight winners have been announced in a tender for the New Hungary Venture Capital Program (Új Magyarország Kockázati Tőkeprogram), which will see venture capital funds receiving EU backing to help finance local start-ups.

The eight winners were selected from among 18 applicants, and will be managing nearly Ft 45 billion (€165.75 million), of which the local firms will provide Ft 13.4 billion and the EU Ft 31.5 billion.

Does Jeremie operate in other CENTROPE countries?

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