Irish trade body sets up venture capital fund

Enterprise Ireland, the Irish government's trade and technology body, has announced the establishment of a venture capital fund dedicated to financing innovative biotechnology companies. The fund is a public/private partnership between Enterprise Ireland and Seroba BioVentures and has a target size of £15m. A first round closing of £10m has already been completed but further assets are being sought. The fund, to be managed by Seroba BioVentures, aims to fulfil the new 'Building Biotech Businesses' strategy announced by Enterprise Ireland, to grow and develop the entrepreneurial biotec...