Almi Invest has been appointed to implement the Green Fund through a procurement process. The objective of the Green Fund is to increase the supply of venture capital in early phases to the target group SMEs with great growth potential working with innovative services as well as goods that have direct or indirect climate gas-reducing effects. The fund is financed by ALMI Företagspartner 162.5MSEK, the Swedish Energy Agency 162.5Mkr and ERUF 325MSEK. Total size of the fund is SEK 650M. The Green Fund will invest together with equal amount of private capital. The objective is to make investments in 40-60 companies. The investment period will continue until 20230630.