The document discusses the Bank of Ireland Kernel Growth Funds and their investment activity in startup companies across Ireland. It provides examples of portfolio companies that have been floated on the Irish Stock Exchange, acquired by larger companies, or sold. It outlines the types of companies and founders they look to invest in, focusing on qualities like integrity, resilience, vision, and compelling market opportunities. Finally, it lists some current portfolio companies that have received funding from various European research and innovation programs like Horizon 2020.

1. The Bank of Ireland Kernel Growth Funds
Funding Start Ups
19th April 2016

2. Investment Activity

3. CORK BELFAST DUBLIN
An ‘All’ Ireland Firm

4. Institutions
Venture Capital Funds
Cash
Commitments
Cash
Returns
Portfolio companies
Cash
Investment
Equity/Loan
What is a VC Fund?

5. Our Portfolio Companies
Floated Irish Stock Exchange 2008
Sold to Smiths Detection 2005
Sold to LAM Technologies 2009
Acquired by Abbott 2007
Merged with Helix Health 2007
Sold to Life Technologies 2010
acquired Smart Telecom
Sold to Silicon Labs 2010
Sold to Accelrys Inc. 2013 Sold to Bord na Mona 2006
Acquired by RedHat 2014
MBO 2009

6. Integrity.
What do we look for?

7. Awareness
Resilience
Intelligence
Vision
What do we look for?

8. Compelling
The Fit
The
Rewards
The Market
The Risks Your
Advantage
What do we look for?

9. DON’T GUESS!
When you don’t know?

10. Demonstrate Wise Use of Funds

11. Customers.
The Best Source of Funds

12. R&D | Seed | Early Stage | Growth | Maturity
State Agency Support
Friends & Family
Business Angels
Venture Capital
Private Equity
Other Sources

13. Radisens
€11.9m
Namdiatream
Project
Tapastreet
€1.1M
Industry-Academia Partnerships
& Pathways Project
MPSTOR
€3.2M
Horizon 2020
Partnering with IBM &
Eurocom
Radisens
€4.5M
Horizon 2020
Kinesense
€1.9M
P-REACT Project
BioAtlantis
€6M
BIOFECTOR Project
BioAtlantis
€1.7m
Thrive-Rite Project
Nines PV
€1.6M
SOLONOWAT Project
Leverage Horizon 2020

14. www.kernel-capital.com
Thank You
Thank You.
“We partner with people of exceptional vision and ability from first time founders
to seasoned entrepreneurs – pioneers who innovate and create new products and
services.”