EI struggles to fill venture capital funds

Enterprise Ireland has been forced to cut the amount of money it hopes to raise under its latest venture capital initiative by €200 million.

9th August, 2008

Enterprise Ireland has been forced to cut the amount of money it hopes to raise under its latest venture capital initiative by €200 million.

The state-backed business development agency had originally hoped to raise in the region of €1 billion for investment in start-up and early stage Irish companies.

However, it has slashed this estimate by 20 per cent and now expects the final figure to be closer to €800million.

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