GVFL has raised 650 million for its SME(Small and medium enterprises)Technology Venture Fund. The first closure of the fund was declared on 28th of march,2008.

About the Fund
The SME fund would be used for investing in various projects of both small and medium technology companies.The entire fund would be invested in six to eight projects within a period of one year with approximate investment amount ranging from 50 to 150 million. The entire corpus of 2500 million would be raised by 2009-10. It is a close -ended Fund of 7 yrs duration.

From the initial amount of 650 million GVFL would invest in IT, Biotechnology, Nanotechnology and other sectors which are eligible for exemption under 10(23FB) of IT Act.Additional investments would also be made to existing investor companies those having good growth potential.

Portfolio
Sahajanand Laser Technology Ltd. has a complete range of software enabled Laser System for diamond processing GVFL has invested an amount of Rs. 110 million in Sahajanand Laser Technology Ltd., the first investment from the newly launched SME Technology Venture Fund. GVFL had initially invested in this company from Gujarat IT Fund. This is the second stage of investment.
http://www.sahajanandlaser.com/

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