Press Release: State aid: Commission approves UK’s NESTA Invention and Innovation Programme supporting new innovative firms

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Series Details IP/05/1317 (20.10.05)
Publication Date 20/10/2005
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The European Commission on 20 October 2005 approved under EC Treaty state aid rules a €35.3 million risk capital fund that was meant to support newly created innovative micro and small-sized enterprises in the United Kingdom. The adoption of this decision was in line with the Commission Communication on State Aid and Risk Capital and underscored the commitment of the European Commission to facilitate innovation by easing access of these enterprises to seed and early stage capital.

Source Link http://europa.eu/rapid/pressReleasesAction.do?reference=IP/05/1317&format=HTML&aged=0&language=EN&guiLanguage=en
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