DUBLIN Business Innovation Centre (BIC), assisted in the establishment of 16 new export-oriented hi-tech Irish start-up companies in 2008.

VENTURE capital investment will have to quadruple to €4 billion over the next five years if marketplace demands are to be met, according to the Irish Venture Capital Association (IVCA).

VENTURE capital (VC) investment has to quadruple to over €4 billion in the next five years if Ireland is to catch up with the rest of the world, a new study warns.

VENTURE Capital investment in Irish firms fell by €369 million last year, a 69% drop to €166m, figures released by PricewaterhouseCooper reveal.