The AIB Seed Capital Fund, a joint venture between the bank and Enterprise Ireland, invested €10m in seven companies during 2010. The fund has helped generate 250 new jobs to date.
The 2010 investments bring to more than 40 the total investments made in 30 Irish companies by year end. The fund’s investments are split about 55/45 between Dublin City and county and the rest of Ireland.
The investment to 2010 by the AIB Seed Capital Fund of more than €10m has leveraged in excess of €30m of additional capital from other investors, including Enterprise Ireland, and helped to create and support more than 250 jobs. In return for its investments, the fund has acquired an equity stake in each of the investee companies.
To read the full, original article click on this link: AIB Seed Fund invested €10m in 2010 – 250 jobs generated - Start Ups - Start-Ups | siliconrepublic.com - Ireland's Technology News Service
