Finnish VC lead calls for new policy to boost institutional investments in domestic funds

Campaigning for sustainable development goals as aligned in the government program is not very effective if regulations simultaneously in fact prevent a large number of domestic institutional investors from supporting and participating in the process, says Pia Santavirta, managing director of Finnish Venture Capital Association (FVCA).

Pia Santavirta, Managing Director of the Finnish Venture Capital Association (FVCA).

Finnish policymakers would benefit from gaining a deeper understanding of the role both domestic and international venture capital investors can play in developing domestic economy, says Pia Santavirta, managing director of the Finnish Venture Capital Association (FVCA).

The existing rules do not at present allow local foundations to invest in domestic venture capital funds in the same way as in other asset classes. Whilst local foundations should be given the opportunity to invest in domestic venture capital funds, rules for international players should also be very lucid and include no uncertainties, for example regarding taxation, Santavirta says to AMWatch.

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