See All Jobs

Fountain Healthcare: New €85m fund to create jobs in life sciences sector

Fountain Healthcare: New €85m fund to create jobs in life sciences sector

A new €85m life sciences venture capital fund, into which the State has invested more than €15m, has been launched.

Ireland’s largest dedicated life sciences venture capital group now has €158 million under management.

It’s the first fund announcement under the Seed and Venture Capital Scheme 2013-2018 and the Department of Jobs, Enterprise and Innovation through Enterprise Ireland has committed €15m.

Ireland continues to be a key investment area for life sciences companies as part of the global supply chain with significant inward investment across R&D and manufacturing across the country

Ken Murphy, Director CareerWise Recruitment

He went on to say “ Further support of venture capital initiatives to invest in new technology start-ups is a very positive move on the part of the Irish Government.”

Over 90pc of the initial €85m capital raised was sourced from major domestic and international institutional investors, predominantly fund of funds, sovereign funds, pension funds, and a strategic corporate investor.

Investments in specialty pharmaceuticals, biotechnology, medical devices and diagnostics

 

Fountain Healthcare: New €85m fund to create jobs in life sciences sector

The Fountain Healthcare Partners 2 fund is expected to make up to 15 investments in specialty pharmaceuticals, biotechnology, medical devices and diagnostics.

It is hoped the new fund will help create dozens of jobs in Ireland by increasing the availability of funding for emerging companies in the life sciences sector.

 

 

 

 

 

Cork Office

CareerWise Recruitment. EastGate Village, EastGate, Little Island, Cork.

Phone: +353 (0) 21 206 190

Email: info@careerwise.ie