Croatia's 30 million euro ($33 million) venture capital fund Feelsgood Social Impact Investment Fund has started operations, according to the European Investment Fund (EIF), one of the key investors in the project.
Feelsgood targets early- to growth-stage Croatian and Slovenian startups with an environmental and social impact.
The social impact investment fund has launched in Zagreb on October 3, EIF, which is part of the European Investment Bank group.
The EIF contributed to the fund with 15 million euro, which almost entirely covered by the European Fund for Strategic Investments (EFSI), the core of the Investment Plan for Europe, or Juncker Plan.
In an EIF statement, it says that Feelsgood is the first Croatian VC fund managed by a fully Croatian team, which is a sign of the maturing and development of the local financial market.
A customized collection of grant news from foundations and the federal government from around the Web.
Rivaayat is an initiative by Shri Ram College of Commerce, Delhi to revive various dying art form and solve innumerable problems faced by the artisans. Rivaayat began with reviving a 20,000-year-old art form of pottery that is a means of survival for 600 families residing in Uttam Nagar, Delhi.