No lack of entrepreneurs in Ireland

THERE’S no shortage of entrepreneurs in Ireland, according to one of the world’s leading businessmen.

Australian entrepreneur and co-founder of the social networking service XING, Bill Liao, was speaking at an entrepreneur day in Cork yesterday and said it was great to see so many innovative ideas in one place.

“It just shows that there is no shortage of entrepreneurs in Ireland. It is also encouraging to see the variety of experts and investors who participated, ensuring the companies are delivering the right pitch for potential investors, and it would be great to see these stories being told more widely.”

CorkBIC and the Business Angel Partnership hosted the first CorkBIC international entrepreneurship venture academy in Cork yesterday. The aim of the day-long event was to get 10 start-ups to an investor-ready stage with the help of seasoned angel investors and entrepreneurs.

To date over 60 deals have been completed in Ireland by the Business Angel Partnership resulting in more than €20 million being invested in Irish start-ups.

Participants were also given the opportunity to gain insights into ‘how it’s done’ via panel sessions delivered by successful entrepreneurs.

Chairman of the board of Forfás Eoin O’Driscoll attended, as did Juliana Garaizar who runs the Sophia Business Angels network in the south of France.

CEO of CorkBIC Michael O’Connor said: “The Venture Academy is based on a proven international format in getting start-ups investor-ready and addressing the requirements of Angel investors. There is a vibrant private equity market emerging in Ireland and even though we are in a recession, a small group of high net-worth individuals who have an appetite for risk and have cash are looking for investment.

“As a result the business angel partnership is on course in Ireland to do over 20 deals this year.”

CorkBIC is an interdisciplinary venture consultancy and manages The Business Angel Partnership (BAP) in its region — a joint initiative between Enterprise Ireland, InterTrade Ireland and the Irish Business Innovation Centres (BICs).

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