Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-13-Speech-4-266-000"
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"en.20120913.29.4-266-000"2
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"The adoption of the report will make it easier for European venture capital funds to raise capital throughout Europe for the financing of start-up undertakings. The approach is simple: all fund managers that meet the requirements can raise capital across the EU under the designation ‘European Venture Capital Fund’. They will no longer need to comply with complicated requirements that are different in each Member State. Thanks to the standardised rules, venture capital funds will potentially be able to raise more capital and grow larger. Larger venture capital funds mean larger amounts of capital available to individual enterprises, thereby enabling funds to specialise in independent sectors such as information technology, biotechnology or health care. This will ultimately aid SMEs in improving their competitiveness on the global market."@en1
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