Over 300 delegates attended InterTradeIreland’s 17th Annual Venture Capital Conference in Belfast on the 7th March 2018 and heard that with plenty of international money flowing into the country, VC funding is at record levels, making this the perfect time to secure capital. The focus of this year’s conference was ‘The Funding Landscape’, and brought together entrepreneurs, venture capitalists, business angels, other investors and start-ups seeking investment.
Serial entrepreneur Eleanor McEvoy, CEO of Budget Energy Ltd, and the recently launched BEenergy delivered a powerful keynote speech. No stranger to raising capital, Eleanor’s experience to date and business credentials mean that she knows exactly what it takes to grow a company from nothing and she shared her insights and learnings with a keenly-engaged audience. The British Business bank attended the event for the first time announcing that they have a fund of £1.5bn available to invest in VC projects.
A panel of experts made up of representatives of the island’s active venture capital funds answered queries from delegates. Representatives from the business angel community were also in attendance as well as Accelerators both soliciting a flurry of questions from delegates. Overall initial feedback from delegates was very positive and we look forward to planning next year’s event.
We would also like to thank our sponsor’s for this year’s event Crescent Capital, Kernel Capital, KPMG and Mills Selig.
Crescent is pleased to sponsor the Conference again this year as the Conference provides an ideal forum for investors and entrepreneurs to come together.
Crescent has been a champion for investment in Northern Ireland businesses for nearly two decades, having backed many entrepreneurial teams in a wide variety of sectors.
Crescent is a long established Belfast-based venture capital fund manager. It has been investing in Northern Ireland companies since 1995 and is the largest venture fund manager in the region, having managed three generalist funds with over £65m in total commitments.
The Bank of Ireland Kernel Capital Venture Funds, investing in the Republic of Ireland and Northern Ireland, are one of the largest and most active sources of equity finance for technology companies on the island of Ireland. Kernel Capital funds are industry performance leaders having delivered Gross IRRs in excess of 20% per annum.
Our strategic alliance with Bank of Ireland, the wide range of institutional investors in our funds and our network of over 80 institutional portfolio co-investors ensures Kernel Capital deliver ‘access to funding’ for all stages of company growth. To date, we have raised €210m / £165m in venture capital funds, the latest being in 2015 and with our assistance our portfolio companies have raised over €500m / £420m in equity and debt funding. The Bank of Ireland Kernel Capital Venture Funds are independently managed by Kernel Capital. Our team based in Cork, Belfast and Dublin, leverage our extensive network to enable our portfolio companies to recruit the highest calibre people, to break into new international markets and to generate revenues of scale.
Mills Selig is a leading corporate and commercial law firm in Northern Ireland whose philosophy is simple – to work with our clients to achieve the results they want. Our talented corporate and private equity teams combine expert technical knowledge and significant transactional experience to provide straight-forward commercial solutions to complex legal issues.
We act for leading plcs, private equity firms, private companies and businesses, banks, property developers, leading retailers and national and international media organisations. We also advise on English Law and are regularly involved in high level property, corporate and commercial transactions in Ireland, Great Britain, Europe, the USA and worldwide.
Mills Selig is proud to be consistently recognised and respected with entries in leading law directories confirming our status as a high quality provider of legal services.