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The Icelandic New Business Venture Fund
The Icelandic New Business Venture Fund (also known as the New Business Venture Fund or the NBVF for short〔) is an independent company owned by the Icelandic government. It began operations in 1998 after a 1997 reorganization of the banking sector of Iceland. The organization is supervised by the Ministry of Industry and Commerce. Its purposes are strengthening the economy of Iceland and increasing its internationalization. Some of the organization's activities included helping to start Icelandic New Energy and providing start-up capital to companies. It was originally founded with a budget of ISK 5,000,000,000. However, the organization was not a major success and made few notable accomplishments.
==History==
The Icelandic New Business Venture Fund was founded in 1998 with an allocation of ISK 5,000,000,000.〔 It was formed as part of substantial alterations to the structure of the Icelandic financial market. These alterations included the merging four investment credit funds owned by the state into the Icelandic New Business Venture Fund and the Icelandic Investment Bank. The organization did poorly due to a global stock market decline. However, it did manage to fund the Blue Lagoon, a major tourist attraction in Iceland.〔 According to the ''OECD Economic Surveys: Iceland 2006'', this was the organization's only notable achievement.〔 In 2004, it received another ISK 1,000,000,000, followed by another ISK 1,000,000,000 in December 2005.〔
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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