More money to foster home-grown companies. From the looks of it though it seems you have to be looking for a million before they want to know you. While great that they have the cash, surely there should be money for smaller investments too? What do the entrepreneurs think?
The government is investing €200 million in Irish venture capital firms to fund emerging entrepreneurs and kick-start the development of new companies.
Venture capitalists will be invited to apply for the government investment, which should help them attract backing from banks and pension funds. Irelandâ€™s three main venture capital companies, ACT Venture Capital, Trinity Venture Capital and Delta Partners, are among those expected to raise funds.
The project is a follow-up to Enterprise Irelandâ€™s seed and venture capital programme, which has committed €98 million to 15 funds since 2000.