A new venture capital Bank of Ireland-backed fund will make Cork the first stop on a roadshow as it looks for Irish technology businesses in which to invest.
The fund, managed by Delta Partners, says it will invest at the earliest stages of company building, often as the first investor and to support companies to launch their products and services internationally.
Bank of Ireland is a cornerstone investor in the fund, which aims to invest in 30 innovative tech start-ups.
The Delta team is hosting an event in Cork on 15 September to explain how venture capital investors and founders work together over the entire start-up journey, with first-hand lessons from both sides.
Guest speakers at the event include Carl Jackson, the founder of one of Cork’s most successful technology companies, SensL Technologies, which was acquired by Nasdaq-listed Fortune 500 company ON Semiconductor.
Delta partner Rich Barnwell will also share his experience as a hands-on entrepreneur having created Digit Games which subsequently sold to U.S. games company Scopely.
Dermot Berkery of Delta Partners said: “By sharing insights into the VC/Founder relationship, we hope to inspire entrepreneurs to optimize their business building with a network of support from Delta and our partners including Bank of Ireland.”
Paul Swift, Head of Technology, Media and Telecoms at Bank of Ireland, added: “At Bank of Ireland we are delighted to see this latest fund coming on stream, providing much needed capital to seed and early-stage businesses at a very crucial point in their growth cycle and when they need it most.”
The VCs and Founders - Friends or Foes? Event takes place on 15 September, 5pm - 7pm, at Tyndall National Institute. Find out more and register for the event here.