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CRANE is a non-profit association which brings together private investors interested in investing in innovative companies in their early stages of development. CRANE is the main organization of business angels in Croatia and one of the strongest organisation in the Europe. The association was founded in 2008 as a joint initiative of partner institutions Agency for Export and Investment Promotion, Poteza Ventures, Croatian Private Equity and Venture Capital Association, Association for promoting software and online entrepreneurship ‘Initium,’ and of successful entrepreneurs Damir Sabol and Hrvoje Prpić. Up until now, members of Crane have invested over 5 million Eur in Croatian companies.