Mr. Alex Hobbs:

I am happy to do that. In fact, I will use the example of our very first investment from the seed fund in 2008 in a very innovative company called Clevamama, based in Coolock in North Dublin and headed up by two sisters. It got support initially from the Dublin City Enterprise Board. As those involved moved through the initial steps of developing their company, they moved up the line and came to Dublin BIC. We gave them additional mentoring to bring them through the investor-ready process for a sizeable seed investment round. We did that seed investment round with some private investor angel investment back in 2008 and the company has made great progress since then. It has weathered the recession and expanded sales. Last year it increased sales by 50% and is now in international markets, including Europe, Brazil and the United States. In 2012 we helped the company to move to second-round investment. We helped to bring in further added-value private investors who have significant PLC experience in the Irish market. This illustrates our strategy of bringing in not just cash but significant added-value to help companies in their business development. That is just one example.