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The Western Development Commission is urging people involved in the creative industries who are in need of finance to apply for the latest tranche of funding available under its micro-loan scheme.

The Western Development Commission has launched a call for applications under its micro-loan fund for creative industries.

The Western Development Commission (WDC) has launched its fifth call for funding applicants under its Micro-Loan Fund for Creative Industries. The fund has already had four very successful calls and has disbursed €160,000 to creative businesses in the western region and looks forward to increasing its disbursals into 2014.

The AIB Seed Capital Fund, co-managed by Enterprise Equity Venture Capital, and the Western Investment Fund, managed by the Western Development Commission, has completed an equity investment in Galway based medical device company Syncrophi Systems Ltd.

An Taoiseach Enda Kenny was the keynote speaker at a showcase of western enterprise hosted by the Western Development Commission (WDC) in Dublin last week.

Minister for Environment, Community and Local Government, Minister Phil Hogan TD last week launched the WDC’s €1 million micro loan fund for creative industries in the Western Region.

Minister for Small Business, John Perry, has met with a delegation representing the Western Development Commission (WDC). The Minister met with WDC chair, Helena Rochford Brennan; Ian Brannigan, acting CEO and development manager WDC; Gillian Buckley, investment manager WDC, Jackie Maguire, county manager of Leitrim County Council; and Cllr Mary Hoade to discuss the economic and social development of the Western Region.

AeroSurgical Ltd, an early stage medical device company that incorporates state of the art aerosol technology to form the basis of its proprietary AeroSurge Platform which efficiently delivers therapeutics into the abdominal cavity of patients during surgery to combat post-surgical complications such as pain and adhesions., has secured investment of €1.6 million. The funding round included the Western Development Commission, Enterprise Ireland, existing shareholders and new private investors.

Marvao Medical Devices, an early stage Irish medical device company base din Galway and focused on commercializing new products that reduce the risk of catheter related infections, has secured investment of €1.3 million in a funding round led by the AIB Seed Capital Fund along with earlier private investors including Harmac Medical Products and the Western Development Commission.

An integrated approach to economic development in the west is vital if the region is to reach its potential, that is according to acting CEO of Western Development Commission (WDC) Gillian Buckley.