Internet brings together innovators and risk capital

PRESS RELEASE
January 21st, 1997
Internet brings together
innovators and risk capital

Entrepreneurs with new business ideas and investors with risk capital can now meet over the Internet. Over the first six months of its existence, a new market site has received more than 21,000 calls.

Innovators with new products and business ideas often have great difficulty in finding investors. A meeting-place is provided by Venture Capital World (http://www.vcworld.com), which has now been in existence for a full six months.
‘The venture has been a success. Since we started up back in May last year, the web-site has been visited by over 21,000 people from 115 countries’, said Claes Settergren, Managing Director of Venture Capital World.
So far, innovators from 40 countries with 170 different projects have been looking for financiers, from the Russian state through to small companies. The cost of presenting a business idea is USD 900 for six months.
‘This is cheap compared with the costs of personal searches, taking part in commercial exhibitions, and so on’, explained Settergren. ‘Via the marketplace, we have even obtained risk capital for continuous expansion’.
The database also provides ‘insider-tips-sites’, where investors can leave tips regarding various share investments. These often arouse great interest.
The company is looking to expand and is now planning a new issue and quotation on the ‘Gothenburg List’ via Thenberg & Kinde Fondkommission AB(http://www.thenberg.se). /ins

Caption:
Worldwide contacts between entrepreneurs and risk capital are now available over the Internet.

For further information please contact:
Venture Capital World AB,
Claes Settergren, Managing Director
PO Box 53 232
S-400 16 GOTHENBURG
Sweden
Tel: +46 708 814 930
Fax: +46 3120 3055
e-mail: staff@vcworld.com
Internet: http://www.vcworld.com

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