IVCA gains new chair

The Irish Venture Capital Association has elected John Tracey, CEO of publicly quoted investment company TVC Holdings, as chairman.

He succeeds Joe Concannon, investment director with the venture capital division of Bank of Scotland (Ireland).

Tracey has over 20 years of experience in venture capital and previously worked in the semiconductor industry.

With only 16 full members, the IVCA has so far invested €1.5bn in Ireland over the past 10 years and has leveraged a further €1.5bn from international investors into the Irish market.