Brussels, 20/04/2011 (Agence Europe) - On Wednesday 20 April, the European Commission authorised the creation in France of the national venture capital fund (FNA), a €400 million fund to encourage the raising of risk capital for innovative small businesses (SMEs), the initial potential of which is often hindered by a lack of own resources and capital investment. The positive effects of the scheme are greater than any distortions of competition it might bring.
The FNA, which will be...