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€24m invested in start-ups by Enterprise Ireland in 2019

Written by Robert McHugh, on 25th Feb 2020. Posted in General

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It was announced today that Enterprise Ireland invested €24 million in Irish start-ups in 2019 and supported a total of 127 start-up companies.

Investment was provided through Enterprise Ireland’s High Potential Start-Up (HPSU) and Competitive Start Fund (CSF) programmes.

This comes as 600 delegates attended the Enterprise Ireland Start-Up Showcase today in Croke Park including start-up businesses and investors. 

Enterprise Ireland has also launched a new campaign today – ‘The Formula for Success’ - which aims to attract ambitious founders, the disruptors of the future and fast-growing export-led early stage companies, to apply for High Potential Start-Up supports. 

A HPSU is a fast growing, export focused company, often with a need for significant investment. The formula for success centres on matching a founder’s vision and ambition with Enterprise Ireland’s investment, expertise and network to help them succeed.

Speaking today, Manager HPSU Division at Enterprise Ireland, Jennifer Melia said, "2019 was another successful year for Irish start-ups across a range of sectors including ICT, medtech, fintech, food and manufacturing. We also saw a strong performance by start-ups from outside of Dublin. Furthermore, 38 of the businesses supported were founded by women which supports Enterprise Ireland’s recently launched 2020 Action Plan for Women in Business, aiming to increase the participation of women in entrepreneurship and business leadership. The class of 2019 are great role models for new founders who have the determination and resilience required to get their enterprises up and running."

Source: www.businessworld.ie

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