Projects should meet the following requirements. They should involve innovations and new ideas, and in the future they should be sustainable and self financed. The projects are expected to show potential for a wider positive impact, i.e. perspective technologies, environmental solutions, and social benefits. The minimal amount of financial support for an individual project is EUR 30,000.
"We want to support start-up entrepreneurs who have courage and new ideas, but who lack funding. Because we see enterprise as one of our main values, a Venture Fund is a genuine form of support. Beyond our financial support we will provide our know-how and experiences for promising projects," Jaroslav Haščák, Penta Managing Partner said.
The Venture fund is primarily aimed at perspective entrepreneurs in countries where Penta actively works - Czech Republic, Slovak Republic, and Poland. An investment committee composed of Penta personnel will choose from the received applications. Submitters of perspective projects will be consequently invited to advocate their projects.