Venture capital for technology companies has gained momentum in 2015 with investment exceeding €585M, as stated in a report by ASCRI. This is largely due to the fact that there is money to invest as there are many non-tech investors who are being bitten by the technology bug and that the state, through the ICO, is subsidising the sector with €1.5 billion for funds. Many funds are expected to be raised in 2016.