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Follow on Google News | Fuel cell company Siqens receives funding from Finnish investor VNT Management Oy and KfW BankBy: Siqens Dr. Lars Behrend, CEO of Siqens GmbH and responsible for business development, is highly satisfied with the first round of negotiations: “The Siqens concept focusses on reducing production costs - an issue that has prevented the fuel cell technology breakthrough so far”, states Peter Auner, VNT Management Investment Director, with regards to the new portfolio company. VNT sees “great market potential for Siqens fuel cells in a variety of highly interesting sectors. These include comfort applications for recreation and mobility, hybridisation of battery power or the energy supply and energy security in industry or infrastructure.” About Siqens GmbH Founded in 2012, Siqens GmbH emerged from a project funded by the German Federal Ministry of Economics and Technology (EXIST Forschungstransfer) Contact: Siqens GmbH Postfach 201821 80018 Munich, Germany Dr. Lars Behrend +49 89 28924297 E-Mail: info@siqens.de Internet: www.siqens.de About VNT Management Oy VNT is one of the first venture capital management companies in Europe that focuses on clean technologies, in particular renewables, electrical systems and energy savings. We are active in the Nordics and German-speaking countries. At present, VNT has three funds with a total investment capital of €157 million under management. VNT mainly invests in technology-orientated start-ups and growth companies in Europe. VNT executives possess core experience in the power conversion and control industry, providing essential added value to the target companies of VNT funds. Wide business experience, active management, and values based on fair play make up the cornerstones of VNT. Contact: VNT Management Oy Arnulfstrasse 25 80335 Munich, Germany Peter Auner, Investment Director +49 89 51463696 E-Mail: peter.auner@ Internet: www.vntm.com About KfW's ERP Start-up-Fund KfW finances and supports, among other things, business start-ups, small and medium-sized enterprises (SME) as well as investments in growth and employment in Germany. The ERP Start-up Fund, administered and co-financed by KfW, offers equity financing for innovative, technology-based enterprises with very good growth prospects. The Fund finances research and product development as well as the launching of new products, processes or services. KfW always cooperates with a lead investor and offers financing at market conditions. Created in 2004, the ERP Start-up Fund disposes of around EUR 720 million in total for investing in emerging technology-based enterprises. Contact: KfW Bankengruppe Niederlassung Bonn Ludwig-Erhard- 53179 Bonn, Germany Telefon: +49 228 831 0 E-Mail: info@kfw.de Internet: www.kfw.de About Strascheg Center for Entrepreneurship (SCE) The Strascheg Center for Entrepreneurship (SCE) offers educational training and research programs in the field of entrepreneurship, and encourages innovation processes and the development of entrepreneurial personalities. SCE supports business start-ups from science and guides young businesses from idea development to marketable innovation. In this way SCE actively contributes to shaping the future of our society and to establishing a comprehensive start-up culture. SCE was founded in 2002 as an affiliated institute of the Munich University of Applied Sciences (MUAS). In July 2011 SCE and MUAS became one of the first three EXIST Start-Up Universities in Germany. CEO of SCE is Prof. Dr. Klaus Sailer. For further information visit www.sce.de End
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