A venture capital fund set up by Biggeorge’s-NV Equity fund manager company, one of eight winners of a state tender to manage HUF 45bn in venture capital, plans to invest HUF 4bn in SMEs in the health, biotechnology, IT, internet media, alternative energy and service sectors, the company told MTI on Monday.
About 70pc of the capital in the fund will come from the European Union and the rest will come from Biggerorge’s real estate company, owned by Tibor Nagygyorgy, and the NV group, owned by Viktor Nyiri.
The fund will put HUF 30m-450m into companies in each of three phases of development. It will not invest more than a combined HUF 1.35bn in any single company.