Ms Orla Rimmington:

I concur with my colleague. What came out of the recapitalisation of the banks was a number of seed and early stage programmes. Many of those companies have received the maximum level of funding under those programmes so there is a need to look at the growth element now as we move forward. In Kernel Capital we provide a very broad continuum of funding, from €100,000 investments up to €5 million, so we have it covered, but there is definitely a need to look at that area for the future because we need more companies to scale and grow internationally. They will need series A investment for that.