Sunday 23 April 2017

Enterprise Ireland €1m fund for new Irish startups

Julie Sinnamon, Chief Executive Officer, Enterprise Ireland Picture: Gary O'Neill
Julie Sinnamon, Chief Executive Officer, Enterprise Ireland Picture: Gary O'Neill

Sean Duffy

Enterprise Ireland is to provide a €1m investment fund for businesses in the early stages of development.

Around 20 applicants will receive funding of up to €50,000 each following the completion of two competitions that will assess the merits of fledgling companies.

Applicants must be recent graduates or international entrepreneurs to qualify for entry.

"The launch of the international and graduate entrepreneurship competitive start funds will provide valuable financial and business support to overseas entrepreneurs and recent graduates who have global ambition for their businesses," said Minister for Jobs, Enterprise and Innovation, Mary Mitchell O'Connor.

The funds are open to companies active in manufacturing and traded services including internet, games, apps, mobile, cloud computing, life-sciences, food, cleantech and industrial products.

"A key focus of Enterprise Ireland is to encourage more entrepreneurs to start up their businesses in Ireland," said Enterprise Ireland chief executive Julie Sinnamon.

Enterprise Ireland supported over 30 startups from overseas last year Ms Sinnamon added.

Irish Independent

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