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Enterprise Ireland
Annual Report and Accounts
2005

Membership of the Board and Committees (continued)

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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.

The Industrial Research and Commercialisation Committee
(the former National Research Support Fund Board)

The Board of Enterprise Ireland approved some changes to the role, name and structure of the National Research Support Fund Board (NRSFB) to align it more closely with Enterprise Ireland’s strategic objectives. The NRSFB held its last meeting in December 2005 and The Industrial Research and Commercial Committee held its first meeting in January 2006.

The Industrial Research and Commercial Committee approves funding of up to €1.25 million for Applied Research and Commercialisation involving the Universities and Institutes of Technology, collaborative research, industry led networks etc. It focuses on projects which are either industry led or have potential to lead directly to a commercial outcome in Ireland.

In Attendance:

The following members of the former NRSFB retired during 2005: Prof. Roy Greene, National University of Ireland Galway; Prof. Brian MacCraith, Dublin City University; Dr. Patricia Mulcahy, Institute of Technology Carlow.

 

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