Enterprise Ireland Seed and Venture Capital Report Launched
10 September, 2007
According to the report, venture capital investment in Ireland continued to increase in 2006 with Funds supported by Enterprise Ireland investing €67m in the year, an increase of €17m on 2005.
€32m was invested in initial "first time" investments, with €35m invested in follow-on investment in companies that had already received funding.
Total investments by Funds supported by the Seed and Venture Capital Programme 2001-2006 is now over €250m.
The sectoral breakdown for the 2001-2006 Venture Capital Programme shows that cumulative investment to year-end December 2006 is as follows:
- 55% in Software
- 16% in Life Science sectors
- 24% in the Communications sector
- 5% in the Food, Manufacturing and other sectors
Under the 2007-2012 Seed and Venture Capital Programme, Enterprise Ireland is investing €175m in a new round of Venture Capital funding, aiming to leverage an estimated €1bn for investment in start-up, early stage and development stage businesses.