New €23 million expansion of the AIB Seed Capital Fund launched

December 2009 – New €23 million expansion of the AIB Seed Capital Fund launched by The Tánaiste and Minister for Enterprise, Trade and Employment, Mary Coughlan T.D. today, 16 December 2009 – http://www.dete.ie/press/2009/20091216a.htm

Desmond Fahey, CEO of Dublin Business Innovation Centre, Co-Fund Manager of the AIB Seed Capital Fund in welcoming this increase in the Fund size said “this will significantly help to accelerate the number of indigenous start-ups through equity investment and support them in developing international markets”. As of today AIBSCF has made 24 investments in 20 companies totalling over €7 million.