In The Future, Ireland May Tout A Serious Technology Community
Looks like there could be some enterprise software coming out of Ireland soon: this week, the Irish government announced a partnership with Bank of Ireland and Limerick University, where they’ll create a fund for start-up and early stage companies. So far the fund, dubbed Enterprise Ireland, has €26 million in its coffer, and will begin making investments ranging from €100,000 to €500,000.
Specifically, the company will focus on export-oriented companies operating in the technology, food and financial services sectors. Enterprise Ireland aims to encourage and support small and medium enterprises, which explains the slightly narrow range of investments. Still, there’s no reason the fund won’t continue to grow, and perhaps grow to support larger companies.
It is exciting to see technology companies and start-ups given a chance to grow in areas where they are relatively sparse. Of course, CRM heavyweights like Oracle and Sage already have branches in Ireland, but native companies will do even more to boost their economy. In addition, part of the Enterprise Ireland fund is dedicated to patent and patent pending projects within Irish universities, which is a smart was to encourage technological development at the ground level.
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