Home > General > €20m Business Angels co-investment instrument launched in Ireland

€20m Business Angels co-investment instrument launched in Ireland

Written by Robert McHugh, on 9th Jun 2016. Posted in General

article headline

It was announced today that the European Investment Fund (EIF) and Enterprise Ireland have signed an agreement to launch the €20m European Angels Fund Ireland (EAF Ireland) which will double the investment capacity of approved business angels and other non-institutional investors investing in internationally oriented SMEs.  
 
The fund will co-invest with approved Irish Business Angels in Irish-based internationally trading SMEs with investments ranging from EUR 250K to EUR 4m over 10 years.

In recent years, Business Angels have become an increasingly important part of the funding eco-system for Irish SMEs and in 2015, Halo Business Angel Network (HBAN) supported Irish Business Angels made 40 investments totalling €8.8m in Irish start-up and early-stage companies. 

CEO of Enterprise Ireland, Julie Sinnamon today commented, "The funding ecosystem in Ireland has seen the range of supports increase exponentially in recent years helping companies accelerate growth and increase business at home and overseas." 

She added, "I warmly welcome the launch of this new co-investment initiative between the European Angels Fund and Enterprise Ireland which will provide investor expertise and ensure that Irish companies can access the funding necessary to expand and grow exports over the next 10 years."

Source: www.businessworld.ie 

About us

More articles from General

image Description

Choosing the Right Time and Attendance System for Your Business in Ireland

Read more
image Description

The Benefits of Choosing a Payroll Bureau in Ireland with Online Payroll Software

Read more
image Description

Tips for Building a Successful Travel Business in Ireland

Read more
image Description

How to Improve Your Business Writing: Simple Tips That Work

Read more
image Description

Leveraging Digital Platform Integration is the Key to Driving Competition Among Businesses

Read more