Denmark earmarks venture capital millions for developing nations
The funds will be obtained through the Investment Fund for Developing Nations and will go to help fund the 17 new global goals that were top
of the agenda at the 3GF summit in Copenhagen last week. “The new global goals offer huge opportunities for Danish companies,” said the foreign minister, Kristian Jensen. “Therefore, we are now setting aside 50 million kroner in venture capital for the development of new investment projects in Africa, Asia and Latin America.” There are still many Danish companies and financial institutions that avoid risky and relatively costly investment in developing nations, Jensen explains, adding that it is therefore important to release state development funds in the form of venture capital.