| From Irishemigrant.com: The Irish government will use the Irish National Pensions Reserve Fund (NPRF) to make a $50m investment in Polaris Venture Partners, a U.S. venture capital firm which gives start-up cash to new companies in the hope they will eventually become successful businesses and provide a return on the investment.
The investment will be made via Innovation Fund Ireland, a $700 million, five-year government initiative launched in New York in July. Over the length of the plan, the National Pension Reserve Fund and Enterprise Ireland are to provide $350 million, with venture capitalists providing the other $350 million..............................................Full Article: Source
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