State-founded venture capital fund investments reach HUF 9.2 bln

Telco

Szechenyi Capital Investment Fund (SZTA), which is a venture capital fund established by the Hungarian government in order to support SMEs, has so far invested HUF 9.2 bln in almost 70 companies, the fund told Hungarian news agency MTI yesterday. 

Companies conducting innovative activities account for almost 80% of the investments of the SZTA, the news agency noted, adding that the fund manages HUF 14 bln, most of it European Union funding.

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