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Technology investors calls for shift in venture strategy

The Danish Venture Capital and Private Equity Association (DVCA)—two of Denmark's main sources of funding new technology companies—has called for a review into sources for capital for business start-ups, warning that relevant legislation has been stalled for four decades.

Jannick Nytoft, DVCA’s director, wrote on 19 July in Berlingske Business newspaper, that Danish small and medium-sized businesses are struggling to raise cash and that the Danish tax system is “troublesome” because current legislation hampers “hybrid loans”—a mix of loans and equity—by taxing investors more or rejecting tax allowance for the companies that seek capital under the hybrid scheme.

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