The Halo Business Angel Network has announced plans to recruit 50 new female business angel investors over the next three years.
HBAN - the all-island organisation responsible for the promotion of business angel investment - is an initiative of Enterprise Ireland, InterTradeIreland and Invest Northern Ireland.
It plans to run events to encourage more female investors to invest in start-ups based on the island of Ireland and which are seeking to expand internationally.
The new female investors will bring a combined €10m of new business angel funds.
To encourage women to become more active as angel investors, HBAN will host a female investor masterclass on November 21 in Google's Dublin office.
The masterclass will provide an introduction to angel investing including details on making investments, due diligence and syndicate structures as well as an introduction to the HBAN network.
Laura Lynch, a strategic tax advisor to several HBAN Investment Syndicates, will address key considerations on the most tax efficient ways to make, manage and exit investment and give an overview of the syndicate investment process.
John Phelan, national director of HBAN, said that angel investing is about much more than just the financial investment - it is about the knowledge and expertise that the angel brings to the business.
"Many of our angels sit on their investee company boards and there is extensive research to show that companies with more gender diverse management teams perform better financially," Mr Phelan said.
"At the moment, many local start-ups are missing out on the valuable experience that female investors bring," he added.
