FAQ
Question: What is the Capital Investment Fund?
Answer: The Capital Investment Fund is a form of a seed capital of the venture type, which invests its funds in newly-created enterprises using and implementing innovative solutions. A characteristic feature of seed capital funds is the investing of funds in enterprises which are in their early stages of development (hence the name “seed”).
Question: What is the difference between the Capital Investment Fund and other programmes financed from EU funds?
Answer: The Funds does not grant subsidies as most EU programmes do, but invests funds in a newly-created enterprise (limited liability or joint stock company) while taking hold of shares in this enterprise.
Question: Who is the project addressed to?
Answer: MARR invites to cooperation persons with innovative ideas and those who have capital and wish to invest it. On the one hand these will be entrepreneurs, scientists, academics and inventors who want to set up innovative enterprises on the basis of innovative solutions; on the other hand – investors interested in locating capital in newly-created innovative enterprises.
Question: What is the deadline for submitting applications?
Answer: The recruitment process is a continuous one, which means that application forms may be submitted in the project realisation period, i.e. until 2012.
Question: What is the meaning of an “innovative solution”?
Answer: The Fund’s rules and regulations include the following definition of an innovative solution: A new product, organisation, marketing, process solution being a result of one’s own R&D activity or a result of knowledge purchase in the intangible (patents, licenses, software, know-how, technical, marketing, organisational, training etc. services) or tangible form (machines and equipment with improved parameters). Innovative solutions are solutions previously unknown or: a) known or applied in the regional scale for less than 1 year, b) known or applied in the national scale for less than 3 years, c) known or applied internationally for less than 5 years.
Question: What are investment realisation conditions?
Answer: MARR may invest up to EUR 200,000 and take hold of maximum 50% of shares. The remaining funds are the project initiator’s input. These may both intangible and legal values, funds, tangible fixed assets or property, as well as capital obtained through loans and subsidies. In the case of the investor being unable to provide a 50% own input, the Agency may help in searching for a private investor for the undertaking.
