New fund known as FrontlineX focused on companies expanding into Europe

Irish VC firm seeks to back early-stage business-to-business companies

Founding partner of Frontline ventures is a prominent early-stage tech investor

Fund will be managed by specialist venture capital operator that invests in early-stage software

Software-only fund invests up to €2m in early-stage companies

Universities find it hard to persuade wealthy donors to put their names on buildings

Launch comes as VC association calls for pension investment in start-ups

Telefónica supports entrepreneurship through start-up accelerators in 13 countries and the first Irish group has just graduated