Western Development Commission investment manager Gillian Buckley has become the first chair of the Irish Venture Capital Association in its 35-year history.
Gillian Buckley has become the first chair of the Irish Venture Capital Association in its 35-year history.
The investment manager of the Western Development Commission (WDC) Gillian Buckley has been named chair of the Irish Venture Capital Association (IVCA).
“It should be noted that the four most senior roles in the association of chair, director-general, vice-chair and manager are now held by women”
This is the first time in the organisation’s 35-year existence that a woman has held this role.
Investing in the future
Buckley takes over from Neil McGowan, director of MML Growth Capital Partners Ireland, who has completed his term of office.
The Irish Venture Capital Association is the representative organisation for venture capital and private equity firms in Ireland.
An independent DCU report released in January 2020 found that Irish venture capital and private equity firms have invested €5bn in Irish SMEs since 2003 and, through syndication, have attracted in a further €3bn in funding from international firms.
Headquartered in Ballaghaderreen, Co Roscommon, WDC is a statutory body set up to promote social and economic development in the western region covering the counties of Clare, Donegal, Galway, Leitrim, Mayo, Roscommon and Sligo. It operates a seed and venture capital fund focused on the western region.
Born in Co Limerick, Gillian Buckley has over 25 years’ experience in investing, managing and advising SMEs across a range of sectors. She is a business studies graduate of the University of Limerick, a chartered director and member of the Institute of Directors.
Buckley joined the WDC to establish its investment fund negotiating the original €32m exchequer allocation with the Government.
She devised the evergreen strategy which has allowed the fund to become self-financing since 2010 and she has overseen the investment of more than €60m in over 200 SME, community and micro enterprises.
The WDC investment fund has been a key enabler for the development of a medical device cluster in the West of Ireland and has invested in medtech and ICT companies such as Aerogen, Neuravi, Altocloud and Cora Systems.
“It’s an honour to be elected the first woman to chair the Irish Venture Capital Association. It should be noted that the four most senior roles in the association of chair, director-general, vice-chair and manager are now held by women,” Buckley said on her appointment.
She added: “The programme for Government recognised the strategic role that venture capital has to play in the Irish economy in these challenging times and post Brexit. The IVCA looks forward to working in partnership with Government to further develop the sector to support more world class start-up and scaling Irish companies.”
Written by John Kennedy (firstname.lastname@example.org)
Published: 26 August, 2020