A new Competitive Start Fund (CSF) totalling up to €750,000 to support start-up activity in all sectors has been launched by Enterprise Ireland today.
The Competitive Start Fund provides entrepreneurs and start-ups in all sectors with the critical early stage funding to test the market for their products and services and progress their business plans for the global marketplace.
It provides €50,000 in equity funding for each successful applicant and will open for submissions on Wednesday 25th, January and will close at 3pm, Wednesday 8th, February 2017.
The fund is open to applications from individuals, early stage companies or prospective businesses active in the Manufacturing & Internationally Traded Services sectors which includes the following subsectors - Internet, Games, Apps, Mobile, SaaS, Cloud Computing, Enterprise Software, Lifesciences, Cleantech and Industrial Products.
The all sector CSF is part of Enterprise Ireland’s strategy for increasing the number and quality of High Potential Start-Up Companies (HPSUs) that have the potential to employ more than 10 persons and achieve €1 million in export sales within three years.
Commenting on the announcement, Orla Battersby, Enterprise Ireland Manager at the High Potential Start Up Division said, "A priority for Enterprise Ireland is to help Irish entrepreneurs and companies to start up and scale. The all sector Competitive Start Fund provides a support platform and a vital injection of funding totaling up to €750,000 to help launch young companies with global ambition and their business ideas to an international market."