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Other private enterprises owe their origins to initiatives set up or encouraged by the state and public authorities. Examples in Britain include the development finance institution, CDC Group, formerly the Commonwealth Development Corporation, which was restructured in 2004 in order to invest indirectly through private fund managers; the Industrial and Commercial Finance Corporation, set up in 1945 to supply long-term finance for small and medium-size businesses, and floated in 1994 as 3i plc; and the National Research Development Corporation, the inventions and technology agency, which formed the core of the group listed on the stock market in 1995 as BTG plc.