ENTERPRISE IRELANDWhere innovation means business
Enterprise Ireland • Government agency responsible for supporting Irish
businesses in the manufacturing and internationally traded service sectors
• €343M Annual Budget• International 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 creation
Our Vision
Projects we SupportManufacture or internationally tradable service
Usually based on technological innovation
Export oriented
10 employees within 3/4 yrs, Sales > €1m
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The Funding JourneyR&D Startup Early Growth Accelerating
GrowthSustaining
Growth Maturity
Proof of Concept Funding
DevelopmentCapital
ReplacementCapital
MBO / MBIDevelopment
Capital
Seed Corn First Round Second Round
Business Angels
Founders, Family & Friends
Public Sector
Venture Capital
Public Listing/IPO
Debt
Corporate Venturing
10 competitions/yearOnline application
Dragon’s 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 months
Commercialisation Fund
€5-25k for 150 companies
Third Level
New Frontiers Programme
Ireland’s 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
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€15kHPSU Feasibility
Enterprise Ireland – Financial Supports
€250kHPSU Package
€50kCompetitive Start Fund
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HPSU Feasibility• Support to investigate viability of export proposition
• Eligible costs include• Market Research• Salaries, Wages & Overheads• Business Plan Development• Technical Research• Prototyping
• Available Support• Up to €15k at 50% rate
€15k
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Competitive Start FundSuccess to date• 227 Cos approved to date• ~35% have gone on to
iHPSU• Calls 1 - 4
Future Open Calls• Aviation & Mfg• Female• Youth
What • €50k for 10% equity stake
matched with €5k from promoters
• Sprint pilot programme • Digital Content CSF
applicants
How •Competition – funding goes to highest ranking companies•Panel of serial entrepreneurs select the winners
€50k
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iHPSU PackageEnterprise 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 terms• EI shareholding will not exceed 10%
• Max EI contribution is 50% • Balance from 3rd party
• Consult your EI Development Adviser!!
€250k
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What we look for in iHPSU
• Large Market Opportunity [especially if VC needed]
• Barriers to Entry [Current/Future]• High Growth, High Gross Margins, Scalable
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Building Capability
Accelerated Growth
Engagement
Ambitious Irish Female Entrepreneurs• ‘Ambitious Women’ program• Targeted 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.pdf• www.revenue.ie/en/tax/it/leaflets/it15-seed-capi
tal-scheme.pdf
• www.businessangels.ie - www.hban.org• www.aibseedcapitalfund.ie/apply.php• www.kernelcapital.ie/investment/seedfund.html• www.innovationvouchers.ie• www.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 [email protected]
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