Nostetta Oy is the main owner of Nostetta Ventures, which was chosen to manage 10M€ startup fund. The fund invests in early stage growth companies mainly situated in Northern Savo region in Finland – the home of Nostetta Oy and Nostetta Ventures. The goal is to invest in approximately 15 startups during a 10 year period. The first investments are estimated to be made in spring 2020.
The fund will combine private and governmental equity as follows:
- City of Kuopio, 1.2M€
- City of Iisalmi, 0.5M€
- City of Varkaus, 0.5M€
- Centre for Economic Development, Transport and the Environment (a grant), 4.9M€
- Private investors, 2.5M€
- Nostetta Ventures, 0.4M€
The CEO of Nostetta Ventures is Heidi Ahonen.
Read more (in Finnish) in Tekniikka&Talous.