Call for the selection of a Financial Intermediary VC
HBOR has launched a Call for the selection of a Financial Intermediary that manages or will manage a venture capital fund, whose strategy includes investments in the initial phase of the development of entrepreneurs (start-up).
Funding is provided under the 2021-2026 National Recovery and Resilience Plan and is intended to implement the financial instrument "Investment in Equity and Quasi-Equity Financing Instruments", based on the Programme adopted by HBOR.
Applicants are obliged, in compliance with the terms and conditions stated in the Call, to get acquainted in detail and align their applications with the provisions of the Programme.
Applications, i.e. Investment Opportunities, shall be received by 31st January 2025 via e-mail at: equity@hbor.hr.
Applicants are required to submit the completed and signed Application Form (Annex 1).
Applicants are free to decide how to present their Investment Opportunity. Although the content of the Investment Opportunity is not strictly defined, it is necessary to include key information on the market, the investment strategy, the management company and other similar aspects. Detailed guidance can be found in Annex 2.
The Investment Opportunity can be submitted in Croatian or English.
For any additional clarifications, please contact us at equity@hbor.hr.
AMOUNT AND SOURCE OF FUNDING
The available financial means of this Call are EUR 1,562,632.00.Funding is provided under the 2021-2026 National Recovery and Resilience Plan and is intended to implement the financial instrument "Investment in Equity and Quasi-Equity Financing Instruments", based on the Programme adopted by HBOR.
Applicants are obliged, in compliance with the terms and conditions stated in the Call, to get acquainted in detail and align their applications with the provisions of the Programme.
TO WHOM THE FUNDS ARE INTENDED
The funds are intended for VC funds that will invest in start-up small and medium-sized companies that:- are in the process of establishment or established companies that have not commercialized their product and/or service, or
- started commercial production, but need additional funds to cover capital expenditures and working capital before they reach the point of profitability, or
- have fully developed the product and/or service and need resources to start commercial production, distribution and marketing.
DEADLINE AND SUBMISSION OF APPLICATION
Applications, i.e. Investment Opportunities, shall be received by 31st January 2025 via e-mail at: equity@hbor.hr.Applicants are required to submit the completed and signed Application Form (Annex 1).
Applicants are free to decide how to present their Investment Opportunity. Although the content of the Investment Opportunity is not strictly defined, it is necessary to include key information on the market, the investment strategy, the management company and other similar aspects. Detailed guidance can be found in Annex 2.
The Investment Opportunity can be submitted in Croatian or English.
TERMS AND CONDITIONS AND SELECTION CRITERIA
All details on the terms and conditions of the Call, the selection criteria and the required documentation are expressed in the Call.For any additional clarifications, please contact us at equity@hbor.hr.
Funded by the European Union - NextGenerationEU. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the European Commission. Neither the European Union nor the European Commission can be held responsible for them.