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John Flynn new Venture Cap Assoc chair

Wednesday, September 03 11:39:10

John Flynn, managing director of ACT Venture Capital, has been elected chairman of the Irish Venture Capital Association (IVCA).

He succeeds Mark Horgan, a partner in Atlantic Bridge.

The Irish Venture Capital Association is the representative organisation for venture capital firms in Ireland. In the last ten years Irish VCs have invested E1.0bn into Irish SMEs and have leveraged in an additional E1.0bn from international VCs through syndicated deals.

Commenting on his election Mr Flynn said that this was a pivotal time for the venture capital sector in Ireland as it had an important role to play in helping to fuel entrepreneurship and innovation. "Venture capital has an exciting story to tell and for 29 years the IVCA has been an effective voice for our industry. I look forward to building on that strong foundation and positioning the IVCA as the voice of the broader start-up ecosystem."

Mr Flynn is currently a board member of four VC backed firms and manages the AIB Start-up Accelerator Fund which has invested in 25 companies over the past three years.

He has over 20 years' experience in software and technology venture investment. He was previously involved in a number of successful venture backed companies which were acquired by international firms for over E500 million.

Prior to joining ACT in 1996, Mr Flynn worked in the UK in various software engineering and business development roles with the international IT services company, EDS (acquired by HP). He holds an MBA from Trinity College Dublin and a degree in Physics and Mathematics from University College Dublin.

For more, visit www.businessworld.ie