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21

Equity

Stage focus (at 31 December 2010, EURm)

Early stage

Growth capital

Balanced VC: 1 220

Technology Transfer: 103 Seed: 81

Growth / Replacement Capital: 233

Small Cap PE: 442

Start-Up / Early Stage: 1 333

Mid-Market PE: 1 181

Balanced PE: 445

Expansion VC: 327

Total 5 367

The graphs below demonstrate the spectrum of SME development stages covered by EIF:

Page 23 - Annual Report 2010

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