Objectives
The goal of the fund is to invest into:
•	Belgian and European SMEs bringing high technological value. They must exists for less than 5 years with products at pre commercial stage. By SMEs, it is understood:
	•	Less than 250 employees
	•	A turnover lower than €40 million or net assets not worth more than €27 million
	•	An independent company, which capital is not owned by a large non SME company for more than 25%
•	Spin-off from universities and research centres, all over Europe
•	Spin-off from UCL, which want to move from their proof of product to a proof of market stage
Whenever possible and in the interest of all stakeholders, a collaboration will be forged with UCL
Fund characteristics
VIVES is an anonymous company with 15 million capital invested by SOPARTEC S.A. (13%), the European Investment Fund – EIF (30%), Fortis Private Equity (17%), KBC Investco (17%), Nivelinvest (13%) and Sofina (10%).
VIVES is a closed-end fund limited to 12 years.
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