KredEx: The audit of the National Audit Office ignores important facts 03.12.2020
Today, the National Audit Office disclosed an audit assessing the bases and processes of the crisis measures provided by KredEx. Although the audit, among other things, includes constructive feedback, several important facts have been overlooked according to the head of KredEx.
Upcoming fund improves financing opportunities for Estonian deep tech companies 02.11.2020
SmartCap, a venture capital fund manager owned by the Estonian state, will open up a market consultation to introduce the indicative terms of a new fund. The aim of the fund is to improve the financing opportunities for deep tech companies with a longer development cycle.
SmartCap will increase the State’s investment in the upcoming High-tech Enterprises Fund to EUR 15 million 22.10.2020
The risk capital management company SmartCap, which is owned by Estonia, will increase its anchor investment in the upcoming High-tech Enterprises Fund to EUR 15 million, to which private capital raised by the management company will be added.
KredEx begins offering the first crisis measures in cooperation with banks 27.03.2020
The continuing spread of the coronavirus has resulted in serious disruptions to the economic activity of Estonian companies. To help companies, the state-owned financial institution KredEx has developed crisis measures, the first of which will start to be offered on Monday. However, entrepreneurs can already examine the specific terms and conditions today at www.kredex.ee/koroona. Implementation of the crisis measures will take place through banks.
KredEx to begin offering a comprehensive response to help companies facing difficulties due to the coronavirus 19.03.2020
The continuing spread of the coronavirus has resulted in serious disruptions to the economic activity of Estonian companies. In order to mitigate these effects, state-owned financial institution KredEx is planning additional measures aimed at assisting Estonian companies. Packages of measures will be developed based on the different possible courses that the crisis may take, with the first of these measures being ready to be implemented next week. More specific conditions are currently being developed, and will be published on an ongoing basis.
Home grant awarded to 337 large families 25.11.2019
This year, 337 families raising three or more children received a home grant from KredEx—there are 1192 children growing up in these families altogether. The total sum of the grants allocated this year was over EUR 3.1 million. From next year, families will be able to apply for more grants than before.
31.07.2019The Startup Visa success story continues
21.02.2019Successful cooperation between large companies and startups requires a credible intermediary
20.02.2019KredEx provided guarantees to the obligations of 3788 enterprises, private persons and apartment associations in the sum of over EUR 416 million