Western Investment Fund

What is Western Investment Fund?

Western Investment Fund, also referred to as the Western Development Commission (WDC), is a venture capital fund that focuses on stimulating economic activity and fostering vibrancy in Ireland's Western Region.

Their aim is to drive growth by supporting community, social enterprises, creative industries, and businesses, with a particular emphasis on sectors such as Software, including web marketplaces and SaaS, IT & TMT, BioTech, Business Solutions, Energy, Food & Beverage, and Material Science.

With assets under management amounting to approximately €48 million, Western Investment Fund provides a blend of debt and equity financing options to seed, startup, and early-stage ventures.

The fund's investment strategy includes a minimum investment of €10,000 and a maximum of €1,000,000 per venture, indicating a flexible approach tailored to the needs of developing companies. The fund utilizes its expertise to nurture innovation and growth within the Western Region, committing to the creation of sustainable jobs and the promotion of the region as an excellent place for living and working.

As part of their broader initiatives, WDC operates Westernjobs.ie, a platform aimed at helping individuals land jobs in the region, and Connectedhubs.ie, facilitating a network of meeting rooms, desks, and co-working spaces. Moreover, their Policy Analysis team focuses on conducting research on regional and rural issues, further contributing to the evidence-based development of the area.

Their headquarters, located at Dillon House in Ballaghadereen, Ireland, serve as the base for their operations and mission to enhance the economic and social development of Ireland's Western Region.