Phenomind Ventures to create CEE silicon valley

The fund will not only invest in small businesses, including those in the start-up phase, but it will also share its experience and know-how. To this end the businessmen established other companies, such as interactive agency Goldensubmarine, hosting company Beyond.pl, accounting firm Bilans 24, developer company MyPlace Development. Phenomind Ventures is planning to search among companies operating in sectors related to the Internet, modern media, e-trade, and entertainment. This niche is also explored by MCI and IQ Partners, which not only do not fear a new player on the market, but they also hope to carry out larger projects together in the future. "Phenomind's team is highly skilled and experienced, so it is not excluded that in terms of some shortlisted projects, we could invest together," said Andrzej Jasieniecki, investment director at MCI Tech Ventures. (Puls Biznesu, pp. 1, 8) M.M.