Enterprise Ireland has announced that it has €20m available to make commitments in commercially focused private sector venture capital funds. This €20m is being made available out of the Seed and Venture Capital Fund Scheme 2007-2012.
Fund managers must meet the following criteria:
- capability to gain access to private sector and institutional capital and expertise, both in Ireland and internationally;
- the expertise necessary to manage VC Funds that will invest in early stage companies;
- a level of management skills to enable hands-on input to investee companies;
- a proven track record of syndication with other successful investors, both in Ireland and internationally.
Enterprise Ireland has issued guidelines for submission of proposals which can be accessed by clicking here.
The closing date for receipt of expressions of interest is Monday 10 September 2012 at 4.00pm GMT.