FVCA Yearbook 2006 - Suomen pääomasijoitusyhdistys ry
FVCA Yearbook 2006 - Suomen pääomasijoitusyhdistys ry
FVCA Yearbook 2006 - Suomen pääomasijoitusyhdistys ry
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<strong>FVCA</strong><br />
FINNISH VENTURE CAPITAL ASSOCIATION<br />
ABOUT THE ASSOCIATION<br />
The Finnish Venture Capital Association (<strong>FVCA</strong>) promotes and develops the private equity<br />
and venture capital indust<strong>ry</strong> in Finland. The <strong>FVCA</strong> has 42 full members. This represents<br />
the vast majority of the Finnish private equity and venture capital firms. In addition, the<br />
<strong>FVCA</strong> has 67 associate members.<br />
Full membership has been approved for equity investors and venture capitalists<br />
representing public and private investment capital, captive funds and corporate ventures.<br />
Associate membership can be given to organizations and individuals with an interest in<br />
the venture capital indust<strong>ry</strong>.<br />
THE AIM OF THE <strong>FVCA</strong><br />
The <strong>FVCA</strong>’s objectives are to develop venture capital activities and practises in Finland,<br />
to represent the members’ views and interests in discussions with the government and<br />
institutions, to assist in improving professional practise, to cooperate with other national<br />
venture capital associations and to provide statistics of the indust<strong>ry</strong>.<br />
The <strong>FVCA</strong> aims to improve the framework for venture capital/private equity activity<br />
in Finland by contributing to the creation and development of an appropriate legal,<br />
fiscal and operational environment and encouraging the development of a favourable<br />
entrepreneurial environment.<br />
Furthermore, the <strong>FVCA</strong> sets up coherent best practices by elaborating operational<br />
principles and it requires members to comply with the <strong>FVCA</strong> Code of Conduct. The <strong>FVCA</strong><br />
also creates a unique network of contacts within the Finnish private equity/venture capital<br />
market, providing a forum for the exchange of views and experience between members.<br />
The overall aim of the <strong>FVCA</strong> is to enhance public confidence in venture capital/private<br />
equity and spread information about venture capital/private equity as a part of established<br />
financial markets.<br />
WHAT IS VENTURE CAPITAL/PRIVATE EQUITY<br />
Venture capital/private equity means providing equity financing for companies not quoted<br />
on stock markets. Private equity can be used to develop new products and technologies,<br />
to boost working capital, to make acquisitions, or to strengthen a company’s balance<br />
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