Guarantee Fund For Investments In Venture Capital - Friuli Venezia Giulia Region

The purpose of the Guarantee Fund is to support the interventions of venture capitalists, meaning those financial intermediaries or holding companies, who participate in funding rounds in early stages or growth phases of startups, acquiring a significant minority in the share capital. Those financial intermediaries and holding companies should have a proven track record, considering the high risk that the fund is bearing by providing guarantees to them. The Guarantee Fund does not carry out direct venture capital interventions but provides guarantees for such operations free of charges for the final beneficiaries. This instrument offers venture capitalists the opportunity to reduce the risk associated with the investments in share capital and loans in the form of subordinated and unsecured debt. The fund guarantees a majority share of the investment with consequent coverage of a substantial part of losses occurred in case the investment does not result in a successful exit. The objectives were reached thanks to the work done at the local level with the stakeholders, the intense exchange of opinions and the profitable exchange, also with the partners, during the EOEs.