Regional Development and EU Funds Minister Gabrijela Žalac (back center left) Economy Minister Darko Horvat (back center right) (Photo: Matija Habljak/PIXSELL) Regional Development and EU Funds Minister Gabrijela Žalac (back center left) Economy Minister Darko Horvat (back center right) (Photo: Matija Habljak/PIXSELL)

A contract with the European Investment Fund was signed in the Regional Development and EU Funds Ministry today. Funding for innovative startup companies will be managed by the Slovenian risk capital fund Fil Rouge.

"Fil Rouge Capital has so far attracted 7 million Euro of private investment potential from institutional investors, with the possibility of increasing that amount," Regional Development and EU Funds Minister Gabrijela Žalac said.

Economy Minister Darko Horvat added: "With a minimum of 42 million Euro for risk finance investment into innovative projects I believe that we will give our young entrepreneurs some forward momentum and strengthen innovation in Croatia."

Source: HRT