Enterprise ireland - Raising Finance

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ENTERPRISE IRELAND

Where innovation means business

Enterprise Ireland Government agency responsible for supporting Irish businesses in the manufacturing and internationally traded service sectors343M Annual BudgetInternational network of 33 overseas offices 5,000+ client companies (Approx. 200 Large companies) Innovation activities across all Irish industry (Micro SME, SME, Large Indigenous, Foreign MNC) Supporting high growth industries including Food, Lifesciences, Construction, Medical technology, Agricultural technology and international financial services

Irish business becomes a powerhouse of economic growth and job creationOur Vision

Projects we SupportManufacture or internationally tradable serviceUsually based on technological innovationExport oriented10 employees within 3/4 yrs, Sales > 1m

6The Funding JourneyR&DStartupEarly GrowthAccelerating GrowthSustaining GrowthMaturityProof of Concept FundingDevelopmentCapitalReplacementCapitalMBO / MBIDevelopmentCapitalSeed CornFirst RoundSecond RoundBusiness AngelsFounders, Family & FriendsPublic SectorVenture Capital Public Listing/IPODebtCorporate Venturing

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10 competitions/yearOnline applicationDragons Den selection of winners Our Financial Start-up Supports

Feasibility Grant

14 Institutes of Tech ~400 attend Phase 1 150 full-time on Phase 2 15k stipend for six monthsCommercialisation Fund5-25k for 150 companiesThird Level

Call Schedule - Open Calls for Standard Innovation Voucher Applications in 2016Opening Date Closing DateWednesday 20th January, 2016Wednesday 3rd February, 2016 at 3pmWednesday 4thMay, 2016Wednesday 18thMay, 2016 at 3pmFurther calls will be announced during 2016.7

New Frontiers Programme Irelands National entrepreneur development programme, delivered at local level by the Institutes of Technology.

Objective: Accelerate the development of entrepreneurs and the creation of sustainable new businesses across the region.

Details:www.enterprise-ireland.com/newfrontiers

Applications for The North West Phase 1 New Frontiers currently open and closing date is Friday 18th March. 8

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15kHPSU FeasibilityEnterprise Ireland Financial Supports250kHPSU Package50kCompetitive Start Fund

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10HPSU FeasibilitySupport to investigate viability of export proposition

Eligible costs includeMarket ResearchSalaries, Wages & OverheadsBusiness Plan DevelopmentTechnical ResearchPrototyping

Available SupportUp to 15k at 50% rate

15k

11Competitive Start FundSuccess to date

227 Cos approved to date~35% have gone on to iHPSUCalls 1 - 4

Future Open CallsAviation & MfgFemaleYouth

What 50k for 10% equity stake matched with 5k from promoters

Sprint pilot programme Digital Content CSF applicantsHow Competition funding goes to highest ranking companiesPanel of serial entrepreneurs select the winners

50k

Upcoming Competitive Start Fund 2016 Call DatesCall NoCall NameCall OpenCall ClosePitch. 31 All Sectors13-Jan 2016*27-Jan*29-FebNo. 32Female Entrepreneurship 1 March 201622 MarchN/ANo. 33Regional Entrepreneurship16 March 20166 April16 May No. 34International Entrepreneurship 16 March 20166 April30 MayNo. 35FinTech1 June 201615 June25 JulyNo. 36All Sectors1 June 201615 June2AugustNo. 37Graduate EntrepreneurshipAugust 2016No. 38International Entrepreneurship August 2016No. 39All SectorsSeptember 2016No. 40Manufacturing & AgriSeptember 2016No. 41Female EntrepreneurshipNovember 2016

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12iHPSU Package

Enterprise Ireland works with promoters and 3rd parties to jointly fund a start up business plan against agreed milestones

100k - 350k (average size 250k) Funding to execute the Business Plan Equity investment CCRP or similar termsEI shareholding will not exceed 10%

Max EI contribution is 50% Balance from 3rd party Consult your EI Development Adviser!!

250k

13What we look for in iHPSULarge Market Opportunity [especially if VC needed]Barriers to Entry [Current/Future]High Growth, High Gross Margins, Scalable

14Building Capability

Accelerated Growth Engagement

Ambitious Irish Female EntrepreneursAmbitious Women programTargeted Competitive Feasibility Fund 61 investments in new start-ups led by female entrepreneurs in 2015

Useful Links https://www.enterprise-ireland.com/en/Start-a-Business-in-Ireland/https://www.enterprise-ireland.com/en/funding-supports/https://www.enterprise-ireland.com/en/Export-Assistance/http://www.newfrontiers.ie/www.revenue.ie/en/tax/it/leaflets/it15a.pdfwww.revenue.ie/en/tax/it/leaflets/it15-seed-capital-scheme.pdf

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www.businessangels.ie - www.hban.orgwww.aibseedcapitalfund.ie/apply.phpwww.kernelcapital.ie/investment/seedfund.htmlwww.innovationvouchers.iewww.localenterprise.ie/www.startups.ie/www.citizensinformation.ie/https://www.takingcareofbusiness.ie/

Enterprise Ireland Contact Carole BrenanSenior Regional Development ExecutiveMicro Enterprise & Small BusinessFinisklin Business ParkSligoTel 071 91 59726Mobile: 0876126044eMail carole.brenan@enterprise-ireland.comwww.enterprise-ireland.com