SMARTGRID technology firm FMC-Tech has been sold to General Electric, in a move expected to result in rapid growth of the business in overseas markets.

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

BUDDING entrepreneurs who are not sure where to go for finance to start off their new venture are being invited to a key event in Waterford.

Up to 116 jobs are set to be saved following a management buyout that will see a carpet factory in Co Down re-open.

The Tánaiste, Mary Harney, has announced plans to establish a €7m fund to help companies starting up in the border, midlands and western regions.

Coleraine biotechnology company has secured €3.3m in third round funding in a round led by venture capital company Crescent Capital.