The principal purpose of the Call is to increase the availability of venture capital for early-stage privately held non-listed SMEs established or operating in Estonia, which meet both of the following criteria (i.e., deep tech companies):
- the product or service is based on scientific advancement and development or meaningful engineering innovation; and
- the product or service development is based on or results in commercializable intellectual property.
The fund shall be managed with the aim to maximise the return for the investors. In addition, the investments made by the fund should target to support changes in the Estonian economy by helping to modernize the economy, ensure export growth and create new high value-added jobs.