Finland Turns to Venture Funds to Rescue Economy: Nordic Credit

Finland is turning to venture capital financing as it searches for ways to jolt the economy out of a recession without jeopardizing its AAA rating.

The northernmost euro member wants to attract investors for a new 1 billion-euro ($1.28 billion) program and help startup companies without adding to its budget deficit. Finland is promising that investors who buy into the venture will take the lion’s share of potential profits. The program will also target growth companies.