New chairman to lead VC community

16 Aug 200718 Views

A new chairman has been appointed to head up the Irish Venture Capital Association (IVCA), consisting of organisations and investors whose investments are central to the development of an indigenous technology sector.

Professor Michael Donnelly, CEO of Growcorp Group, has been elected Chairman of the Irish Venture Capital Association (IVCA).

Donnolly replaces Niall Carroll, managing partner, ACT Venture Capital, who has completed his term of office.

The Irish Venture Capital Association, established in 1985, represents Irish-based venture capital firms which account for 95pc of the €1.2bn invested by Irish VCs in Ireland since 2000.

With over 25 years’ international experience in technology-based business development, Professor Donnelly returned to Ireland after 20 years in the US, to establish Growcorp in January 1999.

He has researched and successfully commercialised numerous products for paediatric health care. Professor Donnelly has held senior executive positions in industry as well as academic and research positions in US universities.

By John Kennedy

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