Berne, 12 October 2006
Swisscom sees innovation as an important field. That's why it wants to invest in Swiss technology firms with a great potential for growth. Swisscom has therefore commissioned the venture capital firm Vinci Capital to create an investment fund which has been dubbed "Mona Lisa".
Together with Renaissance Technologies 2, an investment fund comprising 45 Swiss pension funds, Mona Lisa will thus invest a total of CHF 70 million over the next four years. Swisscom will invest around CHF 20 million. This collaboration between Renaissance and Mona Lisa will allow Vinci Capital to position itself as one of Switzerland's leading venture capital firms.
Vinci Capital Managing Partners Olivier Tavel and Christian Waldvogel believe this collaboration will bear fruit in several ways: "It will enable us to enhance Swisscom's technological expertise with a view to selecting to new investments and developing commercial and technological partnerships with the companies in our portfolio."
For Swisscom, which chose Vinci Capital on account of its experience on the Swiss venture capital market and its knowledge of the specificities of the telecommunication industry, much more is at stake than merely investment. According to Swisscom's Chief Strategy Officer Daniel Ritz, "This cooperation with Vinci Capital should enable us to increase our innovativeness and boost the development of Swiss technology SMEs."
Renaissance PME is an investment foundation which currently has 45 pension funds among its members. Established in 1997, Renaissance PME aims to enable Swiss pension funds to invest in a rational and businesslike manner in non-listed companies based primarily in Switzerland.
A Swiss company operating in the private-equity sector, Vinci Capital manages more than CHF 200 million. Its objective is to finance and develop new companies based in Switzerland and active in the information technology sector, microtechnology/nanotechnology and life sciences.