A new €60m fund, established by one of Europe’s top performing tech funds, will look to invest in early stage companies with global potential that are built from research at all of Ireland’s third-level institutions.

Atlantic Bridge, the firm behind the new fund, will look to accelerate the commercialisation of research conducted at Irish colleges.

The fund will provide both capital and expertise to assist in scaling companies into the US and Chinese markets.

Through joint leadership UCD and Trinity College Dublin initiated the fund which will look for companies in the areas of software, hardware, engineering, physical sciences, life sciences, and agri-food.

Irish companies that have benefited from the ‘Bridge Model’, which the new fund will be organised in, for scaling-up technology companies include Movidius, Swrve, Fieldaware, Glonav and PolarLake.

Enterprise Ireland is investing in the Fund from its seed & venture capital Scheme (2013-2018), supporting its key strategic aim of commercialising Irish third level research into globally scalable businesses which will create high quality jobs, stimulate exports and attract international investment.

Atlantic Bridge general partner Gerry Maguire said Irish third-level institutions are generating cutting edge research.

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