Slovene Early Stage Innovation Fund 2024-2029 – PROPOSAL
Purpose of financing
Capital markets are not sufficiently developed in Slovenia. Better access to alternative sources of financing is needed, including equity financial instruments (e.g., seed capital, venture capital). The Slovenian Enterprise Fund (SEF) for the following financial perspective 2024-2029 is preparing:
- a new equity financing proposal for innovative companies with global growth potential in the form of the Fund of Funds »Slovene Early Stage Innovation Fund 2024-2029«
- the program covers the early stages of the company’s development, including the seed stage, investments in the »Series A« stage and for the next stages of growth »Growth«
Investments configuration through seed/venture funds
Program title
Slovene Early Stage Innovation Fund
Purpose of the program
- filling the gap in the provision of equity capital for SMEs
- growth of innovative globally oriented start-up and scale-up companies
- access to an appropriate combination of financial support and support for improving competences (mentoring, training, accelerator programs, international conferences, networking,…)
Program size
around EUR 35,7 m
of this:
- EUR 15 m funding from multiannual financial framework/MFF – EU and national sources
- cca EUR 10 m SEF funding
- at least EUR 10,7 m private funding
Investment period
5 years
from 2024 to 2029 /or by the end of MFF
Program design and management
SEF will manage of Fund of funds
and choose management companies through public tender
Financial intermediaries
Investors can be:
- VC/seed funds
- accelerators
Managed by private management companies.
Form of financing
equity and quasi-equity financing through professional management companies.
Estimated share of private investors in each management company
at least 30 %
financing of private investors/private funds
Target group of final recipients
Innovative micro, small and medium-sized companies (SMEs):
- in start-up phase
- in growth phase
- existing portfolio companies with global potential
Support for Companies Contributing to:
- green and digital transition
- solving environmental problems
Funding amount per final recipient
0,2 mio EUR do 3 mio EUR na posamezno podjetje
(možnost »add-on« investicij)
Expected number of final recipients
around 70 innovative SMEs
Expected effects of the program
Monitoring of the following indicators:
- number of supported projects
- the amount private investments
- and/or other indicators, in accordance with the rules and guidelines for monitoring state aid
Expected macroeconomic effects:
- higher survival rate of innovative start-ups
- higher growth of scale up companies and a higher degree of their globalization
- development of the venture capital market, establishment of management companies that will provide support in the form of venture capital in the future
- increase in private investments in startup and scale-up companies
Public Fund of the Republic of Slovenia for Entrepreneurship
Short name: Slovene Enterprise Fund
Ulica kneza Koclja 22, 2000 Maribor
Tel.: 02/234 12 60
Fax.: 02/234 12 82