€30 million AIB Seed Capital Fund to be located at NovaUCD
The AIB Seed Capital Fund, which is being equally funded by AIB and Enterprise Ireland is the first fund to be established under Enterprise Ireland’s €175 million Seed and Venture Capital Scheme 2007-2012.
Welcoming the establishment of the AIB Seed Capital Fund Dr Pat Frain, Director, NovaUCD said, “One of the challenges facing UCD is to accelerate the establishment of new ventures to commercialise innovative ideas and intellectual property arising from its growing research programmes. Two key issues in this regard are access to management expertise and the availability of seed funding.” He added, “This new fund is particularly welcomed since it will focus on early stage high-potential start-ups such as those spinning out from UCD research.”
The average initial investment to be made by the fund will be in the order of €250,000 but smaller investments of €100,000 will also be evaluated. The Fund has an economic life of seven years and it is expected that it will make in the region of 50 to 60 investments.
Media Contact
All latest news from the category: Business and Finance
This area provides up-to-date and interesting developments from the world of business, economics and finance.
A wealth of information is available on topics ranging from stock markets, consumer climate, labor market policies, bond markets, foreign trade and interest rate trends to stock exchange news and economic forecasts.
Newest articles
Sea slugs inspire highly stretchable biomedical sensor
USC Viterbi School of Engineering researcher Hangbo Zhao presents findings on highly stretchable and customizable microneedles for application in fields including neuroscience, tissue engineering, and wearable bioelectronics. The revolution in…
Twisting and binding matter waves with photons in a cavity
Precisely measuring the energy states of individual atoms has been a historical challenge for physicists due to atomic recoil. When an atom interacts with a photon, the atom “recoils” in…
Nanotubes, nanoparticles, and antibodies detect tiny amounts of fentanyl
New sensor is six orders of magnitude more sensitive than the next best thing. A research team at Pitt led by Alexander Star, a chemistry professor in the Kenneth P. Dietrich…
