New €2 Million Technology Investment Syndicate Established

HBANOver 100 angel investors gathered in Dublin on the 23rd March to discuss the future of Ireland’s angel capital industry at the second annual Angel Investment Conference organised by HBAN Investor Syndicates. InterTradeIreland and Enterprise Ireland have identified the need to stimulate further seed capital from private investors hence the establishment of HBAN in 2009 which is a joint initiative between the agencies on an all-island basis.

Read more: New €2 Million Technology Investment Syndicate Established

Late Payments Crippling Small Business According To ISME

ISMEISME, the Irish Small & Medium Enterprises Association has called on the new Government to put late payments in commercial transactions at the top of its priorities in its first 100 day commitments. The ISME Credit Watch Survey for spring 2011, released today shows clearly that smaller enterprises are being placed under severe pressure by deliberately delayed payments. Despite persistent warnings from the Association, the previous government refused to tackle this issue, due to pressure from big business and state agencies, the main culprits in delayed payments.

Read more: Late Payments Crippling Small Business According To ISME

Seedups.com Announce Launch With $5k Cash For Best Funding Pitch

SeedupsNorth-West based company Seedups recently returned from SxSW in Austin, Texas after a successful visit to the prestigious SXSW Interactive festival to launch their service to the US market. "With Ireland and Northern Ireland being in the news for the wrong reasons, it's important that not only are we open for business, we're spearheading new initiatives" said Seedups founder Michael Faulkner.

Read more: Seedups.com Announce Launch With $5k Cash For Best Funding Pitch

Digital Mines Receives Investment Of €350,000 From Delta Partners

Digital MinesDelta Partners has announced that it has made its first investment of €350,000 into Digital Mines, a new Irish cloud computing service provider, from the Bank of Ireland start-up and Emerging Sectors equity fund. The funding is part of a total investment of €750,000 into Digital Mines that includes direct investment from Enterprise Ireland and the company’s existing shareholder. This represents the first investment from the €17m Fund which was launched in December last year and is managed by Delta Partners on behalf of Bank of Ireland and Enterprise Ireland.

Read more: Digital Mines Receives Investment Of €350,000 From Delta Partners

Availability Of Seed Funding For Irish Companies At Highest Level In 30 Years

InterTradeIrelandA leading Irish Venture Capitalist has said that the availability of seed funds to invest in Irish companies in 2011 is at its highest level in 30 years with over €250 million in funding available from Investors attending the 2011 InterTradeIreland Annual Venture Capital Conference. Speaking at the launch of the Conference today, March 21st 2011, Niall Olden, Founder of Kernel Capital said that this is an extremely vibrant time for Irish VCs and that there has never been a better time to start up a business in Ireland.

Read more: Availability Of Seed Funding For Irish Companies At Highest Level In 30 Years

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