E.U. Overhauls State Aid Rules For Start-Ups

Law360, New York (July 19, 2006, 12:00 AM EDT) -- The European Union's competition watchdog launched new rules Wednesday aimed at smoothing the roadblocks for small- and medium-sized firms to receive state-funded risk capital investment.

Under the new regulations, which replace the 2001 rules governing state aid and risk capital, companies may now receive a “safe harbor” of up to €1.5 million in joint state and private funding over a 12-month period, marking a 50% increase on the previous threshold.

The European Commission said the new rules are meant to facilitate access to finance for small-...
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