Building Your Business
Two 'Competitive Start Funds' open for applications

24 June 2017

 

  Enterprise Ireland logo
   

A total of €1.5 million in start-up funding is available from Enterprise Ireland through two Competitive Start Fund (CSF) competitions which opened for applications yesterday.

Up to 30 successful applicants will receive high-level business development support and an investment of up to €50,000 each through the Regional Entrepreneurship and Fintech CSFs. Enterprise Irelandís CSF is designed to accelerate the growth of start-ups and enable companies to reach key commercial and technical milestones.

Start-ups located outside of County Dublin are invited to apply to the €1m Regional Entrepreneurship CSF Ė this fund is also open to participants of the New Frontiers Phase 2 programme nationwide. Applications to the €500k Fintech CSF will be accepted from early-stage companies offering a Financial Technology (Fintech) product or service.

The funds are open to companies active in manufacturing and internationally traded services including Internet, Games, Apps, Mobile, SaaS, Cloud Computing, Enterprise Software, Lifesciences, Food, Cleantech and Industrial Products.

Joe Healy, Divisional Manager, High Potential Start-Ups, Enterprise Ireland said: ďFor the first time, up to 20 companies outside of County Dublin may be approved up to €50k each through Enterprise Irelandís largest ever Regional Entrepreneurship CSF, valued at up to €1 million. Itís also the first time that we are specifically targeting participants of the New Frontiers Phase 2 programme."

ďIreland is a hub for Fintech innovation and a key focus of Enterprise Ireland is to encourage and support more entrepreneurs through the Fintech CSF in the areas of Payments, Banking, RegTech, Security, and InsurTech as well as Fintech solutions that leverage Blockchain, IoT, AI and Data Intelligence technologies. Up to 10 companies will receive up to €50k each through this fund and we are also delighted to announce that this yearís Fintech CSF will be accompanied by a programme of tailored business development supports and incubation space in partnership with Bank of Irelandís innovation teamĒ.

In addition to written online applications, companies will be asked to prepare an online video pitch. Companies must meet certain eligibility criteria and applicants may apply for either the Regional Entrepreneurship or Fintech CSF, but not both. Both competitions will close at 3pm on Wednesday 05 July .

Full details are available here

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