15/12/2016

Evaluation of TINA Fund

Read the reportMeet the researchers

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The TINA fund was an investment fund established by PMV, through which the Flemish government aimed to stimulate innovation. TINA managed € 200 million of venture capital, which was used to accelerate the introduction of promising innovations to the market. Dialogic evaluated the effectiveness of this fund and arrived at the following conclusions:
  • TINA helps bridge the innovation gap
  • The outcomes of the financed innovations take longer to materialise than expected, but successful results are achieved: prototypes that are 'market-ready', sales of new products, establishment of a production facility, etc.
  • However, the fund is not well-known to everyone: a missed opportunity.
  • TINA could also seek more collaboration with other (private) funds.
Shortly after the evaluation, a decision was made to transition to a more customer-friendly approach: 'tailored financing solutions'. The TINA fund (along with other standard instruments of PMV) was consequently phased out. Capital is now provided through the measure PMV Risicokapitaal. In 2015, Dialogic conducted the research on behalf of the Flemish Department of Economy, Science & Innovation. A public summary of the study is available on the EWI website.