Invest in emerging firms or else risk getting left behind

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Claire Carroll

If we think back 20 years, sectors such as fintech, agtech and digital health were unknown. The pace of technological innovation is exponential, and Ireland must not only be ready to participate, but also to lead or risk getting left behind.

Since 1994, Irish governments, through Enterprise Ireland (EI), have committed €565m from five Seed and Venture Capital schemes to venture funds to help ensure that there is an effective overall funding ecosystem here. To date, four new funds have been supported under the most recent €175m scheme, and a call is currently open seeking to deploy up to €82m to both domestic and international fund managers with funds that will support the next generation of Irish tech companies.