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EUR 150 Million Investment Fund for Technology Companies in Ireland and China

Written by: Editor

Ireland and China established a new investment fund for technology companies operating in these countries. The investment fund, with a total value of EUR 150 million, was set up by the Ireland Strategic Investment Fund (ISIF) and CIC Capital Corporation. The main purpose of the fund is to assist Irish companies to expand their activities on the Chinese market; through this fund, companies in China will use Ireland as their base market to operate on the European market. This fund represents a second project in this sense, after the launch of a similar vehicle in 2014, with a value of $ 100 million. Our team of consultants in company formation in Ireland can advise investors on how to access the fund established by the two states. 
 

Investment sectors between China and Ireland 

 
The previous fund created to assist the development of technology companies in Ireland and China already helped several businesses. The fund, China Ireland Technology Growth Fund, assisted six companies operating in Ireland to expand in China
 
The main activities that will be assisted by the fund -  which are already very well represented on both markets, are the following:
 
mobile marketing automation;
engagement platforms
next generation technology products;
Internet of Things;
mobile devices;
software applications;
Big data;
robotics;
artificial intelligence.

 

Purpose of the China – Ireland investment fund

 
The new investment vehicle will assist high-growth Irish businesses that are considering expanding their business operations on the Asian market. According to the representatives of the new fund, each party will invest EUR 75 million in order to boost the development of technology services and products
 
At the same time, one of the main targets of the fund is to create new employment opportunities. In this sense, it is important to mention that the previous investment fund has already created 350 new jobs in Ireland. Our team of consultants in company registration in Ireland can advice investors on the Employment Law available here. 
 
Investors may contact our specialists for consultancy services on the main regulations addressing to the technology industry. Our agents can advise on how to set up a business operating in this sector.