Irish universities could launch VC fund

Posted in Governance and administration on April 10th, 2009 by steve

Ireland“The substantial funding gap for seeding start-ups and college spin-out companies could soon be addressed by the universities of Ireland banding together and creating their own venture capital (VC) fund, according to an article on siliconrepublic.com. Speaking with siliconrepublic.com, the president of NUI Maynooth John Hughes said that it is in times of recession when some of the best companies and industry clusters are created. ‘Silicon Valley was created during a recession. The US military pulled a load of contracts and suddenly there were lots of out of work scientists. They banded together, created companies and local universities played a role too …’” (more)

[Business and Leadership, 10 April]

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