Nostetta Oy is the main owner of Nostetta Ventures, which was chosen to manage 10M€ startup fund. The fund invests in early stage growth companies mainly situated in Northern Savo region in Finland – the home of Nostetta Oy and Nostetta Ventures. The goal is to invest in 15 to 20 startups during a 10 year period. The first investments are estimated to be made in spring 2020.

The fund will combine private and governmental equity as follows:

  • City of Kuopio, 1.2M€
  • City of Iisalmi, 0.5M€
  • City of Varkaus, 0.5M€
  • Centre for Economic Development, Transport and the Environment (a grant), 4.9M€
  • Private investors, 2.5M€
  • Nostetta Ventures, 0.4M€

The CEO of Nostetta Ventures is Heidi Ahonen.

Read more (in Finnish) in Tekniikka&Talous.