News round up 30 October 2017
Posted on 30 October, 2017 by Thierry Heles, editor
A round up of all the latest news on www.globalgovernmentventuring.com for our subscribers.
The French president hopes to drive the creation of a new European Union agency within two years that would specialise in funding disruptive technologies.
China’s VC strategy has focused on high-value sectors such as AI and robotics through an expansion of regional government-owned guidance funds.
An advisory committee headed by Benny Higgins will consider how a fully-fledged Scottish development bank might work, building on a policy pledge by the country’s devolved government.
Development Bank of Wales has evolved from the former state-owned investment arm Finance Wales and will deploy a new $131.7m fund aimed at providing patient capital.
The London mayoralty-owned vehicle has marked two exits and attracted 700% as much outside investment for SMEs in the capital than was originally anticipated.
Taiwan’s banks will be allowed to wholly own local VC firms as long as the total outlay does not surpass 3% of their overall net worth.
The regulations, designed to help establish Vietnam’s startup ecosystem by 2025, would bring income tax benefits and the right to include 30 LPs at each fund.
The investment by Ireland's sovereign wealth fund, ISIF, is anticipated to result in at least $294m in funding for Ireland-based software developers.
The EU-owned development agency has put capital into public-private partnership Italia Venture Fund I to aid Italy's attempt at closing the venturing gap on its European peers.
The contribution to VC fund Alterum Capital Partners I will help spur venturing in southeast Europe and is likely to draw a commitment from the EU-owned EIF.
The real-time marketing platform operator will use the $37.6m in series C funding for further artificial intelligence development and to expand into the US.
The point-of-sale terminal manufacturer has received further backing from CDPQ and Investissement Québec in order to help it cope with market demand.
The search index developer has emerged from stealth with both backing and custom from In-Q-Tel, the VC affiliate of the US intelligence community.
CDPQ joined iNovia Capital for the round, which will help Tracktik pursue expansions across Europe and into South America.
The Global Government Venturing deal net rounds up all the latest smaller deals and tracks emerging companies accessing government funds.
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