Investment strategy

Sectors:

No sector activity is ruled out, except for the financial one, with special attention given to new technologies and the employment creation schemes of the universities of Santiago and Vigo.

Level of involvement:

Through minority interest, although limitations on the levels of investment are not envisaged, apart from those set out in the law concerning Venture Capital Groups, and are determined according to the characteristics of each particular project.

Size of investment:

Preferably, investments are to be made in projects with a level of investment below 100 million pesetas.

Geographical region:

The favoured region of investment is the autonomous region of Galicia, particularly the areas where the universities of Santiago and Vigo have a socio-economic impact.
Other areas are taken into consideration, provided they are considered by UNIRISCO to be of socio-economic benefit to Galicia.

Types of companies:

Investments are diversified to minimise risks and are made in the start-up or consolidation phase of innovative projects and, in special cases, in technology-based companies which create employment.

Participation timescale:

The duration of the investment is not governed by minimum or maximum timescales but, ideally, it should range from 3 to 10 years.

Means of disbursement:

This can be realised by any legitimate means, specified by law, with the preferred means being the sale to the company’s original shareholders. In this sense, UNIRISCO will put into effect agreements with the other company shareholders to ease the disbursement process.

Means of intervention in management:

UNIRISCO can have a seat on the Board of Directors in the companies in which it participates, always respecting the independence of the company management and operating officers. In this way, UNIRISCO can work together with the entrepreneurs in the project’s success, helping them to develop a market for their products, provide the company with contacts on a national and international level, both with regard to the day-to-day activity of the company (clients, suppliers) and with other aspects such as the preferred means of finance, the opening of new markets, etc.