New $100M Venture Fund to Connect Irish Start-Ups with Silicon Valley

San Jose, Calif. -- In a bid to increase collaboration between Irish tech entrepreneurs and Silicon Valley, the Campbell-based Irish Technology Leadership Group (ITLG) said on Thursday that it will launch a $100 million venture capital fund, focusing on high-potential Irish startups. The group, working in connection with the Irish Innovation Alliance of Trinity College Dublin (TCD) and University College Dublin, also plans to open an Irish Tech Center in San Jose this January, and engage in several other related projects. The San Jose-based fund, to be known as Irish Technology Capital (ITC), will be co-led by ITLG Chairman John Hartnett and Silicon Valley venture capitalist Richard Moran. "Connecting into Silicon Valley, the heart of innovation and venture capital, for both graduate training and business investment is a breakthrough for Ireland," said John Hegarty, the provost of TCD.
http://www.itlg.org/
http://finance.yahoo.com/news/Silicon-Valleys-ITLG-and-bw-1436250273.html?x=0&.v=1