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AIB creates €5m fund for tech start-ups

A €5m equity fund has been established by AIB to to assist start-up companies in the sustainable technologies sector.

CEO Bernard Byrne said AIB is committed to further developing support plans for green technologies because “there is a gap in the eco-system here.”

“Climate change and impact investment has jumped up at us as an obvious opportunity that we need to get right behind,” Mr Byrne said.

“We are in the sustainability game for the long haul and therefore we are focussed on the impact AIB can have in terms of providing credit to support the social and environmental health of the country,’’ he said.

The bank will work alongside the International Sustainability Investment Centre to leverage the €5 million equity.

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