Line of Financing for Venture Capital Funds

IFD-FC&QC-FCR-01/16

Call for Tenders to select financial intermediaries that will receive financial resources from the Equity and Quasi-Equity Fund (FC&QC), managed by IFD – Instituição Financeira de Desenvolvimento, S.A., within the financial instrument Line of Financing for Venture Capital Funds.

This call for tenders is governed by the Portuguese Public Procurement Code and intends to select and finance Venture Capital Funds, as defined in the call and annexed product data sheet.

The financial intermediaries are entitled to submit applications to this call through the certified platform VortalGov. This call was also published in Portuguese Diário da República and in the Official Journal of the European Union.

Managing Company

  • HLegally authorised to manage investment operations in Portugal;
  • The VCF may have a sub-fund with a compartment allocated to co-investment with FC&QC;
  • VCF may encompass endowments from various regions and investment priorities;
  • Co-financing by FC&QC between €2 500 000 and €10 000 000 per VCF.

Investment Priorities

  • IP 3.1 Creation of companies and start-up phase;
  • IP 3.3. Strengthen SME skills in the development of new products and services; Innovative projects at the process product, organisation or marketing level.
Investment Type
  • Minimum 70% in equity and quasi-equity instruments;
  • Consolidation or restructuring operations are not allowed.

Eligible Final Beneficiaries (SME)

  • Has not operated in any market;
  • Has operated in any market for less than seven years since the first commercial sale;
  • Requires an initial investment of risk financing which, based on a business plan prepared in order to enter a new product market or a new geographic market, is higher than 50% of its average annual turnover in the previous five years.

Investment Period: until 31/12/2019.

List of Committed Operations

List of Venture Capital Funds with co-financing from the FC&QC

Relevant documents of the call (in English):

Remaining documents from the Public Procurement process (only in Portuguese):

Porto, May 11, 2016

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