The second, with a provision of €10.1 million and a €5 million contribution from the COMPETE program, is dedicated to the Northern, Central and Alentejo regions for technology-based SME innovation, modernization and internationalization projects.
Finally, the FCR IStart I fund, totalling €5.02 million, is aimed at supporting new proofs-of-concept and prototypes, and developing intellectual property and business models. It has a provision of €2.522 million for the Lisbon region (with a contribution of €1.008 million from the POR Lisboa program), and a provision of €2.5 million for the Northern, Central and Alentejo regions (with a contribution from the COMPETE program). Novabase Capital has a €0.3 million stake in this fund, which is managed by ES Ventures.