Enterprise Ireland, AIB establish fund

AIB and Enterprise Ireland are to contribute €15 million each to a new fund to invest in growing businesses.

The AIB Seed Capital Fund will be by Dublin Business Innovation Centre and Enterprise Equity and will invest in innovative start-up companies across the country.

“The overarching objective of the fund is to support entrepreneurship and provide risk capital to help develop competitive internationally oriented businesses in Ireland,” said Donal Forde, the head of AIB’s Irish banking arm.