Enterprise Ireland: Seed & Venure Capital

Contact person 
Terry O'Brien
Institution 
South-East Regional Authority (SERA)
E-mail 
terry.obrien@southtippcoco.ie
Country 
Ireland
Do you want to share an instrument/policy or a knowledge Transfer practice? 
Innovation instrument(policy)
What are the following keywords/priorities which better fit the instrument/policy?  
Support to risk capital
Indicate the country from which the instrument (or policy) is 
Ireland
What is the title/name of the instrument/policy? 
Enterprise Ireland: Seed & Venure Capital
Indicate the target group/beneficiaries of the instrument/policy 
SMEs only
What is the aim/objective? 
The objectives of the Enterprise Ireland Seed and Venture Capital programmes are to further develop the Irish venture capital sector, to provide risk capital to SMEs in the seed, start-up and development stages, to leverage private and institutional investment, and to develop commercially viable funds. Main Policy Priorities: Support to innovative start-ups incl. gazelles Other Policy Priorities: Support to risk capital
Give an overview of the instrument 
This instrument seeks to support innovative small and medium enterprises at early stages of development by offering risk capital support. Smaller investment amounts are available (less than €500K first round) Focus is not thematic but there is a greater regional perspective and sectors that are traditionally difficult to finance, e.g. biotechnology are targeted.
What is the date of creation of this instrument? 
Saturday, January 1, 1994
Is the instrument/policy still active? 
Not Active
Identify the main outputs/results (quantitative and qualitative) of the implementation of this instrument 
Under the 2007–2012 Seed and Venture Capital Programme Enterprise Ireland is investing €175 million in a new round of venture capital funding. This is expected to leverage an estimated €1 billion for investment in start-up, early stage and development stage businesses. The 2011 Seed and Venture Capital Report published by Enterprise Ireland indicates that venture capital funds supported under the Enterprise Ireland Seed and Venture Capital Programmes made 131 investments with an investment value of €60m. This was an increase of €18m (30%) on the total investment amounts made in 2010. The 2011 report also noted that additional seed capital investment, totalling €27m, increased the total amount of formal seed capital funding under management to Irish entrepreneurs to €124m.
What is the co-financing/maximum rate allowed by the instrument/policy (if appl.)? 
Co-financed by the private sector. €175,000,000 public funds with equal if not higher private contributions. 2009/2010/2011 - €30m each year
Is this instrument/policy linked to a KT practice? 
No