€5m fund from AIB for sustainable technology startups

AIB, the Irish bank created a new equity fund with capital of 5 million euros in order to assist startup companies that are focused in the sustainable technologies sector.

The bank recently has planned a series of green initiatives, such as building a 225KW roof-top solar plant at its headquarters in Dublin and a co-operation framework with ENERCON, a European supplier of wind turbines, to help small wind farm developers cut out red tape and reduce costs. AIB is interested in working with the International Sustainability Investment Centre so it can leverage the 5 million euros equity that it will provide sustainable technology startups.

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