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Enterprise Ireland
Annual Report and Accounts
2004

Membership of the Board and Committees (continued)

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National Research Support Fund Board (Measure 4)

The Board approves research grants in accordance with the terms of the particular schemes as approved by the Minister for Science, Technology and Commerce, and under such terms as the Board decides. It sets the terms and conditions for the individual grants under the Fund provided by the Office of Science and Technology.

The following member retired from the National Research Support Fund Board in 2004/2005: Brendan Shanahan, Department of Enterprise, Trade and Employment

Seed and Venture Capital Committee

Enterprise Ireland, under the National Development Plan 2000– 2006 launched its new scheme in the Autumn of 2001. The objectives of the Seed and Venture Capital Fund Scheme 2001–2006 will be to continue to develop the Seed and Venture Capital Industry for SMEs in Ireland with particular emphasis on the development of geographical locations outside Dublin, early stage projects and in sectors which are traditionally difficult to finance, e.g. Biotechnology. Fifteen seed and venture capital funds are being funded under the National Development Plan 2001–2006.

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