The fund was started with EUR 5.30 million by the Emilia Romagna region and EUR 1.7 million from fund managers. The fund welcomes other contributions from investors aimed at increasing the co-financing of the private fund Ingenium. The fund has a duration of nine years. The fund is managed by ZernikeMeta Ventures and it operates through the temporary acquisition of minority stakes in high-opportunity technological companies.
Ingenium performs operations of:
- Seed financing: it supports initiatives in the testing phase of the ideas, when it the technical viability of the product/service in enterprises set up by no more than 12 months is still to be proven;
- Start up financing: it promotes projects in the business start-up phase, when there is a prototype whose commercial viability is still unknown for enterprises set up by no more than 36 months.
The fund has been fully invested.