Catalan Finance Institute invests €2.5 million in new companies in 2017
Loans of up to €200,000 aim to promote development of start-ups in the country
The Catalan Institute of Finance (ICF in Catalan) invested a total of €2.5 million in 16 Catalan start-ups in 2017. By doing so, the ICF aims to promote and encourage the development of new businesses in the country. Since the beginning of this initiative in 2012, the organization has invested a total of €12.3 million in 81 emerging Catalan companies.
The loans issued by the ICF of up to €200,000 complement the investments of private investors, and other interested parties such as business angels.
The Catalan Institute of Finance also also undertakes co-investment activity through the Corporate Entrepreneurship Program in order to promote entrepreneurship projects between 'start-ups' and large companies. During 2017, the Catalan public financial entity co-invested with relevant corporate partners.