Other information: Seed capital and SMEs

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Series Title
Series Details No.1 February
Publication Date February 1999
ISSN 0264-7362
Content Type

The Commission has launched a new seed capital action called CREA (Risk Capital for Business start-ups) CREA with a budget of up to €8m for 1998-2000, aims to stimulate the supply of equity or quasi-equity finance for the creation and transfer of innovative small businesses with growth and job creation potential. It does so through support for seed funds or similar organisations in their early years. It also aims at establishing a EU-wide network for seed capital funds and their managers and stimulating an exchange of best practice and training.
Source: Press Release (European Commission), IP/98/990 (13.11.98)

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