Syddansk Innovation A/S

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About

Syddansk Innovation A/S is liquidating. It is a venture capital firm specializing in incubation and start-up stage. The firm prefers to invest in both spin-outs and new start-ups. It considers investing in technology sector with a focus on communication services, healthcare, information technology, renewable electricity, capital goods, and energy equipment and services. The firm prefers to invest across Denmark region. It does not intend to be a long term shareowner, instead exits between two to four years. The firm typically invests in between DKK 0.5 million ($0.07 million) and DKK 5 million ($0.76 million) in companies with revenues between DKK 2 million ($0.30 million) and DKK 25 million ($3.81 million). It considers investing in companies that has been registered for VAT for maximum a year; employs maximum 3 employees; and has less than DKK 100,000 $0.013 million in overdue debt to the public. The firm may take stakes in between 25 percent to 50 percent. It may also co-invest with the Ministry of Research and Innovation up to 92 percent of the capital requirements in a first round and up to 40 percent in a second round. The firm makes investments through its own balance sheet and is backed by governmental capital; and typically organizes a finance package consisting of convertible bonds and equity. Syddansk Innovation A/S was founded founded in in 1998 and is headquartered in Odense, Denmark with additional offices in Sønderborg and Taastrup, Denmark.

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