Investors

Roscommon County Enterprise Board Ltd.

The Roscommon County Enterprise Board was established in 1993 to develop and support micro enterprise and to stimulate economic activity at local level. The Board is committed to the economic development of the county and since its establishment has provided an integrated service where business ideas have been transformed into commercial reality with the assistance and guidance of the Board.

Roscommon County Enterprise Board Ltd. is governed by a board of directors, with expertise and experience derived from Business, Community, Public Representative and State Agency backgrounds. The Board is supported by an Evaluation Committee, which assesses the potential commercial viability of projects.

Roscommon County Enterprise Board Ltd has invested in direct financial support and in management development. The success of the Board may be measured by its investment in the local economy and by the creation and sustaining of 707 full time jobs and 219 part time jobs.

The Dublin Business Innovation Centre (Dublin BIC)

The Dublin BIC was established in 1987 with support from the EU and local private, public and higher education sectors to assist the creation and development of enterprise.

In September 1992, the Dublin BIC was appointed a fully-fledged EC-BIC by the European Commission and was licensed to use the EC-BIC logo in recognition of its performance and achievements.

The purpose of the Dublin BIC is to increase the level of entrepreneurial activity and innovation within the region and improve the survival rates and growth prospects of new and existing small enterprises. It does this by providing assistance, on a selective basis, to prospective entrepreneurs, start-up businesses and established small businesses with potential for growth, exports and employment creation.

Dublin BIC can assist Entrepreneurs find practical solutions to problems in a responsive non-bureaucratic way. These activities complement the assistance and services provided by the state agencies and the private sector. Over 70% of start-up companies assisted by Dublin BIC continue to be in business after a five-year period.

Projects, entrepreneurs and enterprises supported by Dublin BIC have the potential to become competitive and viable businesses and to achieve, at least, moderate employment growth and to export.

Dublin Seed Capital Fund

The Dublin Seed Capital Fund has been set up specifically to provide early-stage seed capital to new and developing enterprises in the Dublin region. It primarily invests in early stage, start-up and first stage expansion companies based in the Dublin area. The Fund also serves as a feeder fund to other venture capital funds. It is an active investor, working with companies at board level.

The Fund has been established by the Dublin Business Innovation Centre supported by Private Sector companies and by Enterprise Ireland through the EU Seed Capital Measure of the Operational Programme for Industrial Development 1994-1999. In December 2001, an additional €5 million was committed to this Fund, increasing the Fund launched in May 1997 to €7.5 million. It now operates under the Seed & Venture Capital Fund Scheme 2001-2006 under the National Development Programme.