EI support for small tech companies
Ireland shows its determination to drive the value end of its economy by supporting its new crop of tech start up businesses. As reported in Silicon Republic, twenty five Irish technology firms will next week meet with representatives of over 85 venture capitalists and other investors from the US, UK, Europe and Asia at the Enterprise Ireland International Investor Forum in London.
“The major importance of syndicated investment by Irish and international VCs in the growth of Enterprise Ireland client companies is not widely understood,” explained Niall O’Donnellan, head of Enterprise Ireland’s Investment Services Division. “For instance, in the past couple of years, around 40 international VC investors from North America and Europe have invested in Enterprise Ireland client companies. This investment has almost always been on the basis of syndicated investment with an Irish VC firm.
“Maintaining a continuing strong flow of international investment to fund the development of Irish growth companies is a most important objective of Enterprise Ireland,” O’Donnellan said.
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