Weather for Galway, Ireland 20°C   

Galway, Ireland

23 July, 2014 |
20:33 GMT




€250m for new firms under Enterprise Ireland's Seed and VC Fund | Print |  Email
Wednesday, 25 July 2007

Enterprise Ireland's Seed and Venture Capital Report for 2006 shows that new and developing companies received €250m in finance from investors backed by State agency Enterprise Ireland. The sectoral breakdown for the 2001-2006 Venture Capital Programme shows that 55%, or €137.5m, was invested in software firms; 16%, or €40m, in life sciences; 24%, or €50m, in communications businesses and 5%, or €12.5m, in the food, manufacturing and other sectors.

Welcoming the report Minister for Enterprise, Trade and Employment Micheál Martin said: "The sector provides a vital source of funding for early stage and growing Irish companies. Over the coming months we can look forward to the establishment of several new Funds under Enterprise Ireland's €175m Seed and Venture Capital Programme 2007-2012."




Using the buttons below you can save this article to your favourite social bookmarking site

Digg!Reddit!Del.icio.us!Google!Live!Facebook!Slashdot!Technorati!StumbleUpon!Furl!Yahoo!Ma.gnolia!
 
< Prev   Next >
Hosting provided by Hosting365