Enterprise Ireland pumps €23m into start-ups in 2018
Enterprise Ireland invested €23m in Irish start-up businesses last year.
The State agency responsible for the development and growth of Irish companies in global markets supported a total of 132 start-up companies during the year.
Investment was provided in the form of equity through Competitive Start Funds (CSFs) and High Potential Start-Up (HPSUs) funding programmes by the Department of Business, Enterprise and Innovation through Enterprise Ireland.
Funding awarded to start-ups in 2018 included two calls for up to €1.5m in funding open to all sectors.
In addition, the agency provided €500,000 in funding targeting recent graduates, while €750,000 in funding was made available through a Fintech and deep tech CSF.
Joe Healy, manager, HPSU Division, Enterprise Ireland said: "Even in today’s challenging business climate with Brexit looming, the appetite and enthusiasm amongst entrepreneurs is strong."
"In 2018 alone, Enterprise Ireland received over 1,300 start-up enquiries, representing a 30pc increase on the previous year."
Among the companies supported last year by Enterprise Ireland were 82 high potential start-ups, that is businesses with the potential to create 10 jobs and €1m in sales within three to four years of their establishment, and 88 new female-led high potential start-ups.