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Netherlands, EIB to Back Innovation Fund, Telegraaf Says

The Dutch government and the European Investment Bank will finance an investment fund aimed at supporting innovative companies, Telegraaf reported, citing NVP, the Netherlands association of venture capitalists.

The fund will have as much as 300 million euros ($400 million) in capital, according to the Dutch daily newspaper. A spokesman for the government’s Economic Affairs Ministry was unable to confirm the plans, it said.

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