Syndicate of angel investors formed
It is being led by entrepreneur Ian Shearer and several other private investors and financing will go into knowledge intensive technology based start-ups.
More than 100 investors gathered in Dublin yesterday at the second annual Angel Investment conference organised by HBAN Investor Syndicates along with InterTradeIreland and Enterprise Ireland.
The event also provided financial and legal advice on how best to manage private investment opportunities as part of angel investment syndicates.
National director of HBAN Investor Syndicates, Diane Roberts, said the gathering marks the “further professionalisation” of the angel capital industry in Ireland where experienced entrepreneurs seek qualified investment opportunities that are investment ready.
“The most effective method of angel investing is where investors pool their resources as a syndicate and form portfolios of companies where they can support greater numbers of businesses and spread the possible risk of investment,” she said.
Ms Roberts said the costs of starting a company are less than they were some years ago and private investors can create an exponential growth effect with their funding. She said investments are also providing value for money as valuations reflect economic conditions.
“Investing in early stage companies is also considered to be an attractive prospect by many investors following the fall in stock market and property values,” she said.
The conference also heard a proposal for the establishment of a Government co-investment fund to further stimulate private capital investments into knowledge intensive start-up enterprises.
Similar models have proven successful among the angel investment community across Europe and in the United States.
There are a few hundred angel investors in Ireland.
Margaret Hearty of InterTradeIreland there are many private individuals with capital who are keen to create further developments in the economy.
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