Investment flows to high tech firms

THE new wave of Irishowned technology companies has at last begun to attract new levels of investment to match the high growth…

THE new wave of Irishowned technology companies has at last begun to attract new levels of investment to match the high growth aspirations of this sector, according to Forbairt chief executive, Mr Dan Flinter. Speaking at a capital markets conference in Dublin yesterday, Mr Flinter said Forbairt has already committed £33 million to eight Irish venture capital institutions aimed at startup and early phase growth companies. When matched with private sector finance, this amounts to a total of £66 million available for investment. To date, 10 significant investments have been made, he said.