A new €10m fund aimed at encouraging overseas entrepreneurs to locate start-up businesses in Ireland has been launched.
Minister for Jobs, Enterprise & Innovation Richard Bruton launched the fund, which will be run by Enterprise Ireland, this morning.
The fund will be open to all business people, but will be targeted particularly at the Irish diaspora, international expatriates and people from overseas who have previously worked or studied in Ireland.
The main areas being targeted include North America, UK, Europe and Australia, while the main industries include gaming, cloud computing, medical technology and financial services.
Funding will be in the form of an equity stake taken by the State in the company.