Isolationist Trump emphasises need for indigenous funding for Irish companies

New data from the IVCA shows VC funding in Ireland for the nine months to the end of September fell by 18% to €945.3m from €1.1bn in 2023

The IVCA said 'the potential for an isolationist-leaning incoming administration in the White House to implement policies that could be negative for Ireland emphasises the need for us to take these indigenous companies to the next level.' Picture: Alex Brandon/AP

International venture capital funding into Ireland has fallen by nearly €200m this year, and an isolationist-leaning Trump White House means Irish tech firms will have to rely on indigenous funding in the future rather than overseas investment.

New data from the Irish Venture Capital Association (IVCA) shows VC funding in Ireland for the nine months to the end of September fell by 18% to €945.3m from €1.1bn in 2023.