Irish Venture Capital Association appoints new chairman


Alex Hobbs, chairman, Irish Venture Capital Association and seed fund manager of Dublin Business Innovation Centre.
Alex Hobbs, chairman, Irish Venture Capital Association and seed fund manager of Dublin Business Innovation Centre.

Alex Hobbs, fund manager of Dublin Business Innovation Centre (Dublin BIC), has been appointed chairman of the Irish Venture Capital Association.

Mr Hobbs replaces Peter Sandys, managing partner of Seroba Life Sciences, who has completed his term of office.

Mr Hobbs has managed Dublin BIC’s expansion into developing a commercial seed fund market in Ireland, and is also fund manager of the AIB Seed Capital Fund.

“Seed funding is critical to developing an indigenous technology sector with international market reach and reducing Ireland’s dependence on overseas investment,” he said.

Mr Hobbs has led the development of a 40-company portfolio that has scaled into international markets. Recent successful exits include iCabbi, sold to Renault and AIM listed REDT Energy.

The Irish Venture Capital Association is the representative organisation for venture capital firms in Ireland.

Since the onset of the credit crunch in 2008, in excess of 1,400 Irish SMEs have raised venture capital of €4.8bn.

Mr Hobbs holds a BComm from UCD and an MBA from NUI Galway.

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