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18/02/2002
Venture Capital boost for Ireland's West and Border Counties
A new €9 million Venture Capital (VC) fund to support existing companies and early stage start-ups with high export growth potential has been announced for the West and Border Counties of Ireland.
Enterprise Ireland (EI) and fund manager Enterprise Equity Venture Capital Group, will each invest €4.5 million in the Venture Capital Fund.
Announcing the VC fund, Tánaiste Mary Harney said: "This new fund is part of the roll-out of a major injection of liquidity into the venture capital market by Enterprise Ireland which I announced in January. EI is investing €95m in twelve new VC funds which will leverage an estimated €400m in private sector funding for start-up and early stage businesses."
The first private VC company to set up an office in the West of Ireland, the move is viewed as a considerable boost to the Irish Government's policy of regional economic development, as well as being a major part of Enterprise Ireland's strategy to create a vibrant VC market in the regions outside the East Coast.
Chairman of the Enterprise Equity Venture Capital Group and of the International Fund for Ireland (IFI), Mr William T McCarter said the joint venture between Enterprise Ireland and the IFI's venture capital arm would open up the market for venture capital in the West and the Border counties.
Mr Conor O'Connor, Chief Executive of Enterprise Equity said: "Investments will be made by way of equity investment in companies and normal commercial criteria will apply. We plan to invest average sums of between €250,000 and €1.35million in individual projects. Larger investments can be facilitated through syndication".
According to Enterprise Ireland's Executive Director, Pat Maher, the initiative formed an important part of EI's strategy to help create new firms and support the expansion of existing firms within their own region.
The new fund will be a generalist fund seeking to invest in companies in the manufacturing and information, communications and technology sectors that have the capacity to grow significantly in the future.
(SP)
Enterprise Ireland (EI) and fund manager Enterprise Equity Venture Capital Group, will each invest €4.5 million in the Venture Capital Fund.
Announcing the VC fund, Tánaiste Mary Harney said: "This new fund is part of the roll-out of a major injection of liquidity into the venture capital market by Enterprise Ireland which I announced in January. EI is investing €95m in twelve new VC funds which will leverage an estimated €400m in private sector funding for start-up and early stage businesses."
The first private VC company to set up an office in the West of Ireland, the move is viewed as a considerable boost to the Irish Government's policy of regional economic development, as well as being a major part of Enterprise Ireland's strategy to create a vibrant VC market in the regions outside the East Coast.
Chairman of the Enterprise Equity Venture Capital Group and of the International Fund for Ireland (IFI), Mr William T McCarter said the joint venture between Enterprise Ireland and the IFI's venture capital arm would open up the market for venture capital in the West and the Border counties.
Mr Conor O'Connor, Chief Executive of Enterprise Equity said: "Investments will be made by way of equity investment in companies and normal commercial criteria will apply. We plan to invest average sums of between €250,000 and €1.35million in individual projects. Larger investments can be facilitated through syndication".
According to Enterprise Ireland's Executive Director, Pat Maher, the initiative formed an important part of EI's strategy to help create new firms and support the expansion of existing firms within their own region.
The new fund will be a generalist fund seeking to invest in companies in the manufacturing and information, communications and technology sectors that have the capacity to grow significantly in the future.
(SP)
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29 August 2001
Venture fund investment in Ireland reaches IR£29m
Mary Harney, Tánaiste and Minister for Enterprise Trade and Employment, has welcomed confirmation that the venture capital market continued to show strong growth in 2000. Ensuring critical support for the development and expansion of Irish business, the Minister confirmed that investment had risen to IR£28.8 million in 2000 compared to IR£20.
Venture fund investment in Ireland reaches IR£29m
Mary Harney, Tánaiste and Minister for Enterprise Trade and Employment, has welcomed confirmation that the venture capital market continued to show strong growth in 2000. Ensuring critical support for the development and expansion of Irish business, the Minister confirmed that investment had risen to IR£28.8 million in 2000 compared to IR£20.
20 March 2002
Venture capital summit gets underway in Dublin
A two-day conference in Dublin is to play host to some of Ireland's most promising companies, who will vie for the $40 billion of funds on offer from visiting venture capitalists.
Venture capital summit gets underway in Dublin
A two-day conference in Dublin is to play host to some of Ireland's most promising companies, who will vie for the $40 billion of funds on offer from visiting venture capitalists.
08 March 2013
New Funding For Irish Firms Will Help Them Grow
Speaking from Austin, Texas where he is leading a trade mission the Minister for Jobs, Enterprise and Innovation, Richard Bruton T.D. today, announced the second investment by Enterprise Ireland under the Innovation Fund Ireland programme with Highland Capital Partners Europe.
New Funding For Irish Firms Will Help Them Grow
Speaking from Austin, Texas where he is leading a trade mission the Minister for Jobs, Enterprise and Innovation, Richard Bruton T.D. today, announced the second investment by Enterprise Ireland under the Innovation Fund Ireland programme with Highland Capital Partners Europe.
02 April 2002
InterTrade finalises private equity conference
InterTradeIreland has finalised the details of the private enterprise conference to be held in the Ramada Hotel, Belfast. The first all-Ireland investment conference of its type, to be held on Wednesday, April 24, will bring together venture capitalists, financial consultants and business advisors seeking information on private equity investment.
InterTrade finalises private equity conference
InterTradeIreland has finalised the details of the private enterprise conference to be held in the Ramada Hotel, Belfast. The first all-Ireland investment conference of its type, to be held on Wednesday, April 24, will bring together venture capitalists, financial consultants and business advisors seeking information on private equity investment.
01 August 2011
Omagh Community Development Welcomed
A community building in Co Tyrone that received almost £300,000 from the Department of Social Development (DSD) Modernisation Fund Capital Programme is to significantly increase capacity and facilities for its 13 partner organisations.
Omagh Community Development Welcomed
A community building in Co Tyrone that received almost £300,000 from the Department of Social Development (DSD) Modernisation Fund Capital Programme is to significantly increase capacity and facilities for its 13 partner organisations.
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Northern Ireland WeatherToday:A dry and sunny start but cloud bubbling up with a few showers developing from late morning. Becoming dry and sunny along the east coast in the afternoon. Maximum temperature 12 °C.Tonight:Showers gradually die out to leave good clear spells in the evening and overnight. This will allow a few fog patches to develop in places. Minimum temperature 2 °C.
