Friday 23 March 2018

Enterprise Ireland launch €750,000 funding competition

Frances Fitzgerald
Frances Fitzgerald
Ellie Donnelly

Ellie Donnelly

Enterprise Ireland will launch a €750,000 funding competition for early stage companies in manufacturing and internationally traded services.

The competition will open on 13 September.

This is Enterprise Ireland’s seventh competitive start fund in 2017 and is open to all sectors with a focus on agricultural, manufacturing, life sciences and renewables subsectors.

Up to 15 successful applicants will receive high-level business development support and an investment of up to €50,000 each.

The fund is designed to accelerate the growth of start-ups and enable companies to reach key commercial and technical milestones.

Read more: Irish SMEs pay more to borrow than big firms or European rivals

"Now that the rates of early stage entrepreneurship in Ireland have returned to pre-recession levels, the success of start-up activity will depend on this kind of funding as well as the crucial advice, training and business introductions offered by Enterprise Ireland to successful CSF applicants," An Tánaiste and Minister for Business, Enterprise and Innovation, Frances Fitzgerald TD said.

Applications are invited from companies that are active in the relevant industrial sectors or individuals who, prior to Enterprise Ireland’s investment, are based in Ireland and have a headquarters registered here.

"Since the start of the year, we’ve seen an increased number of applications to our competitive start funds and we are anticipating more great, innovative ideas with global market appeal in this call," Joe Healy, divisional manager at Enterprise Ireland, said.

In addition to written online applications, companies will be asked to prepare an online video pitch.

The fund will close for applications at 3pm on Wednesday 27 September 2017.

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