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HotOrigin to invest further despite tough conditions.

Europe Intelligence Wire

| October 06, 2002 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Sunday Business Post)

Byline: Gavin Daly

Dublin, Ireland, 6 October, 2002 Irish start-up accelerator HotOrigin plans to raise additional funds to invest in early stage technology companies despite "incredibly tough" market conditions.

David Dalton, the chief executive, said HotOrigin was close to making its seventh early stage investment and would raise more investment capital "over time".

Dalton, who founded HotOrigin at the height of the technology boom in March 2000, said the latest investment would close within a month. An eighth company should be added to the portfolio by the end of the year.

"We are seeing two to three …

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