Neotec Capital Riesgo is a Spanish-based EUR 183m 'Fund of Funds' launched by the EIF in cooperation with the Centre for the Development of Industrial Technology (CDTI: Centro para el Desarrollo Tecnológico Industrial), the tech transfer office of the Spanish Ministry of Innovation and several other private investors, mainly Spanish blue chip companies. First closing was in February 2006 at EUR 175m, and final closing in June 2006 at EUR 183m, to which the EIF committed EUR 50m.
With the investment period now over, Neotec has signed commitments that fully utilise the investment capacity of the programme. Excluding the expired co-investment agreements, Neotec has supported 14 venture capital funds that are based, or mainly active, in Spain – therefore acting as a catalyst for the development of the venture capital market in the country and boosting investment in innovative Spanish SMEs.
For more information on how to submit an investment proposal to EIF see: EIF for Venture Capital & Private Equity funds