Manager of JEREMIE Co-Investment Fund

INVESTMENT SIZE AND ASSET CLASSES
- Dedicated to Slovak SMEs only
- Fund’s total capital commitments are in excess of € 12 mil.
- Maximum investment into a single SME not to exceed € 2.75 mil. Typical investment size to be between € 0.5 to 2.0 mil.
- Risk capital investments only, taking form of either equity or quasi-equity instruments
- Seed capital, start-up capital and expansion capital (i.e. fresh equity)

GEOGRAPHICAL FOCUS
- Eligible SME must be established in Slovakia (100%) and operating in Slovakia at the time of the first investment

INVESTMENT CRITERIA
- Strong innovative focus and a documented potential to build distinct competitive advantage 
- Well-defined and scalable business model with commercial potential to capitalise on the competitive advantage
- Competent, highly focused and credible management team aimed to excel
- Technological and management capabilities to develop and implement the initial concept (for seed phase), introduce new product or service to market (for start-up capital) or generate significant growth potential in intra-European or global context
- Having a proven technology base and clear technology angle
- Aligned interest of project sponsors with generating investor return
- Visibility of break-even point
- Potential to generate value in 4-7 years of investment horizon with exits probable in the same period (including visible funding plan for financing of further expansion if envisaged during the investment horizon)

PRIORITY AREAS
- Health – quality of life
- Progressive materials and technologies
- Biotechnologies
- Knowledge technologies supported by ICT
- Infrastructure for development of society
- Energy and energetics
- Security and defense (only SMEs of civilian character)
- The use, protection and reproduction of biological resources
- Protection of the environment
- Use of domestic raw materials resources

Limerock Fund Manager

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