Factsheet for measure
FI-2020-25/1236
–
Updated
– measures in Finland
Tesi's Venture Bridge investment program for innovative companies seeking for growth
Tesin Venture Bridge- siltarahoitus innovatiivisille kasvuyrityksille
Background information
As a result of the COVID-19 crisis, many companies had to postpone their next external financing round which has hindered companies from realising their plans for international growth. Furthermore, it is foreseen that the interest of international investors to make investments will be lower than before the COVID-19 crisis.
The Venture Bridge is an investment program launched by the state-owned investment company Finnish Industry Investment Ltd Tesi (in Finnish ‘Suomen Teollisuussijoitus Oy’). It seeks to fill this financing gap and support companies that prior to the COVID-19 crisis had concrete plans to look for international growth and had previously raised at least seed financing from professional venture capital investors.
Content of measure
This measure is a capital loan that will be automatically converted to equity in the next qualified investment round. It should be used for funding growth and internationalisation. It is available for innovative Finnish companies looking for international growth.
Companies have to meet the following requirements:
-
an unlisted company with its headquarters or a significant share of operations and employment potential in Finland;
-
raised at least €0.5 million in venture capital funding during the last three years;
-
investment round of at least €0.5 million with participation of professional venture capital investors; and
-
Tesi’s investment secures the funding for at least 12 months until the next qualified investment round.
The size of the investment varies between €250,000 and €2 million.
Updates
The following updates to this measure have been made after it came into effect.
|
26 November 2024
|
The programme was closed to new initial investments at the end of March 2022, although further investments continued to the target companies.
|
Use of measure
By the end of August 2020, 20 companies had applied for funding. Two companies had been granted funding. The total budget of the granted applications is €1.1 million.
By the end of 2022, in combination with Tesi’s stability programme PolicyWatch FI-2020-16/1235, the programmes had paid out €269 million in total to 63 companies.
Target groups
|
Workers
|
Businesses
|
Citizens
|
|
Does not apply to workers
|
Other businesses
|
Does not apply to citizens
|
Actors and funding
|
Actors
|
Funding
|
National government
|
National funds
|
Social partners
Social partners' role in
designing the measure
and form of involvement:
|
Trade unions
|
Employers' organisations
|
|
Role
|
Unknown
|
Unknown
|
|
Form
|
Not applicable
|
Not applicable
|
Social partners' role in the
implementation, monitoring and assessment phase:
-
Unknown
-
Main level of involvement: N/A
Involvement
No information available.
Views and reactions
No information available.
Sources
