Fund for new entrepreneurs unveiled

A €10 million seed capital fund to finance entrepreneurs was unveiled yesterday by Ryanair founder Tony Ryan.

He made the announcement when Taoiseach Bertie Ahern officially opened the €7m entrepreneurship academy, named after Mr Ryan, in Dublin yesterday.

The academy, located at CityWest and part of Dublin City University, will focus on developing the entrepreneurial skills of scientists engaged in research and development initiatives part-funded through Science Foundation Ireland. Programmes on social entrepreneurship will also be included.