The Baltic States leading private equity and venture capital firm BaltCap has invested into the start-up of a Latvian based LCD (Liquid Crystal Display) production company, EUROLCDS. The investment was made through the European Investment Fund – JEREMIE, with financing by the EU Structural Fund.
The decision to finance this start-up was based in part on the fact that co-owners of the company will be Swedish based company LC-TEC AB. Investors believe that it is important to establish knowledge based industry within this area. Potential consumers for the product will be in the medical and industrial manufacturers in the EU, Japan and USA.