A new E23 million expansion of the AIB Seed Capital Fund designed to help Ireland's entrepreneurs has been launched by the Government.
The E23m expansion will bring the total fund size to E53 million and will target investments in start up and early stage businesses with a particular focus on technology, financial services, clean and green sectors, and also businesses in the medical devices sectors. AIB and Enterprise Ireland are joint partners in the new E23m fund expansion, contributing E15m and E8m respectively.
The Fund is managed on behalf of AIB and Enterprise Ireland by Dublin Business Innovation Centre (DBIC) and Enterprise Equity which collectively have over 40 years experience in helping small businesses to develop and providing equity capital. It is administered from NovaUCD located on campus within University College Dublin.
Original Article: BUSINESS WORLD - Govt unveils E23m more for seed capital
