site.btaUPDATED Innovation, E-Government Ministers: New Innovation Fund to Be Founded under Three Seas Initiative

A new fund with an innovation focus will be established under the Three Seas Initiative (TSI), the caretaker Minister of Innovation and Growth Alexander Pulev told BTA on Monday. The funds will be targeted at start-ups and invested in concessions and public-private partnerships. Pulev said: "We have secured EUR 5 billion of new capital, which will be distributed in no small part to entrepreneurs. Around EUR 500 million is directed in the form of private equity".