UK launches refugee-focused venture fund with initial £300,000 investment
AI Summary
Today marks the launch of the Refugee Venture Fund (RVF), a new UK venture capital fund dedicated exclusively to investing in high-growth businesses founded by refugees. Launching with £300,000 in initial capital, with plans to increase this to £500,000, the Fund expects to make investments of £50,000–£100,000 in three to five companies. The initial investments are intended to establish a track record ahead of a planned £10 million fund targeting refugee-founded businesses.
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