AIB LOSES 2,000 JOBS
AIB will this week announce it intends to shed 2,000 jobs across its operations on a phased basis and is also expected to outline plans to reduce its loan portfolios by up to €19 billion, according to The Sunday Times.
Tag: venture capital
DELTA & WHIPCAR
Dublin-based venture capital firm Delta Partners has invested €1.2m in a novel UK start-up that plans to reinvent the car rental business, according to The Sunday Business Post.
FUNDING FOR START UP COMPANIES
An Irish joint venture operation is to review 300 business plans in the coming year before putting up to 100 of them to syndicates of potential investors. Halo Business Angel Network (HBAN) hopes to be able to assist more than 25 of those pitching for business, with funding of between €250,000 and €1.25m being provided.
Good news for Start-up Companies
Bank of Ireland has launched a new €26m fund to invest in start-up and early stage companies. In addition the fund will go to support patent and patent-pending projects within Irish universities.
This fund is part of a 5 year Enterprise Ireland seed and venture capital programme. The fund will focus on technology, food and financial services sectors, which are export based.