John Corrigan, CEO of the National Treasury Management Agency, pointed out some of the more innovative changes in the state bodies approach to investing the nations pension reserve fund at the Docklands Business Forum’s 23 Docklands Networking Event held on Thursday 2nd October.
The Treasury head pointed out that “the SME funds represent a further step in the redeployment of the NPRF towards commercial investment in the Irish economy. By committing its resources as a cornerstone minority investor, the NPRF’s assets can act as catalyst for attracting additional investment from third-party investors into funds targeted at areas of strategic importance to the economy.” Up to 850M is allocated for the fund.
Welcoming the Docklands Business Forum to Wayra for the first time Gavan Drohan, Deputy Director of Wayra Ireland introduced the Start-Up Accelerator Wayra as having opened in 2012.
The incubator focuses on technology and internet based enterprises and since opening has supported 21 firms with early stage investment, workspace and access to expertise and mentors. Among its previous projects are gambling firm Bragbet, online fraud prevention company Trustev, social commerce and advertising platforms Popdeem and Fonesense.