Irish Venture Capital Association names new chairperson – Nicola McClafferty of Draper Esprit becomes second woman to head up organisation
Dublin; Wednesday, 30th June, 2021: Nicola McClafferty, partner, Draper Esprit, has been elected chairperson of the Irish Venture Capital Association. She is the second consecutive woman to be elected to the role, replacing Gillian Buckley, investment manager with the Western Development Commission (WDC), who has completed her term of office.
Venture Capital funding to Irish tech firms grew by 9% to almost €250m in first quarter
– IVCA VenturePulse survey shows bounce in funding for start-ups and early stage companies
Dublin; Sunday, May 9th, 2021: Venture capital funding to Irish technology firms increased by 8.9% to €249.4m in the first quarter of 2021, up from €228.9m in the same period last year, according to the Irish Venture Capital Association VenturePulse survey published today in association with William Fry.
Venture capital investment into start-ups fell by a third in 2020
Budget 2021 reaction: Indigenous tech sector welcomes move by Minister to set up new investment fund and review EIIS
Dublin: Tuesday, 13th October, 2020:
Five organisations representing the indigenous technology sector have welcomed the move by the Minister for Finance to establish a proposed new equity fund with an initial €30 million in funding to invest in domestic, high innovation enterprises. In addition, the “Alliance for an Innovation-Driven Recovery” has praised the decision by the Minister to review the Employment and Investment Incentive Scheme (EIIS), but expressed the view that this needed to happen urgently.
Members of the Alliance are Euronext; HBAN (Halo Business Angel Network); Irish Venture Capital Association; Scale Ireland and TechIreland.
Speaking on behalf of the organisation, Sarah-Jane Larkin, director general, Irish Venture Capital Association, said, “With right structures there is major scope to attract more private investment into early stage indigenous tech start-ups and build a pipeline of scaling companies that will reduce our economic dependency on Foreign Direct investment.”
She added, “According to Ibec, households saved €9.8 billion in the first seven months of 2020, holding €20 billion more in Irish banks than they owe in debt. With zero or negative bank interest rates there is a pool of funds that could help to drive an Irish economic recovery if the right EIIS incentives are available, which they aren’t at the moment.”
However, Ms Larkin added that comparatively high levels of Capital Gains Tax remain a drag on entrepreneurship in Ireland and she hoped that the Minister would address this in future.
“As the Minister has pointed out we have to prepare for a post Brexit future. This includes being competitive with post Brexit incentives which will be offered in the UK.”
Press queries to:
Sarah-Jane Larkin, spokesperson, Alliance for an Innovation-Driven Recovery and director general, IVCA,Email:firstname.lastname@example.org; Mob: 087 320 9209 or
Ronnie Simpson, Simpson Consulting, Email:email@example.com
Mob: 086 855 9410
About the Alliance for an Innovation-Driven Recovery
Euronext is the leading pan-European exchange, covering Belgium, France, Ireland,
The Netherlands, Norway, Portugal and the UK.https://www.euronext.com/en
IVCA Venture Pulse Q2 2020
IVCA Venture Pulse Q2 2020
Venture capital investment into Irish SMEs grew by 11% to €820m in 2019 – 5th March 2020