The Region of Southern Denmark has announced the establishment of a new fund for investment in entrepreneur and startup companies. asics france The fund for promotion of growth in Southern Denmark (“Fonden for Syddansk Vækstfremme”) will raise app DKK 100m which will be spent to support innovative startups within the region in all areas of technology, adidas yeezy boost primarily through loans or guarantees for loans. Another focus area of the new fund will be investments in startups within welfare technology and service. All the money to be raised by the fund will be from public donors. adidas boost App DKK 70m will come from EU’s social fund, asics blue and app DKK 25m from Danish regional funds for business development. adidas pure boost The fund will not be operational, until it has been decided who should manage the fund which is subject to a public tender where the tender deadline expires on 18 October 2011. cheap uggs ansley It is difficult to say whether such another local fund will in fact produce innovated startups – but at least local jobs will be created for entrepreneurs, and in particular for local advisors, adidas sale suppliers and, Air Jordan 29 of course, the management functions of the fund.