Competitive Start Fund for agricultural and manufacturing start-ups
Published: 18th September 2015
This 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 3 years.
So what is it?
The new Fund provides for up to €50,000 in equity support for each successful applicant and is the first of its type targeting the agricultural and manufacturing sectors. The Fund will help start-up and early stage companies to get off the ground and launch new products and services in the international marketplace. Its priority is to provide young companies in these sectors with the critical early stage funding for the key commercial and technical milestones that will ensure delivery of their product or service, and help them get their project to a key funding milestone.
Targeting start-ups and early stage companies that have the capability to succeed in global markets, the objective is to stimulate start-up activity in the agricultural and manufacturing sectors, ultimately creating jobs in Ireland.
Who can apply?
The fund is open to applications from individuals, early stage companies or prospective businesses operating in the agri-business sector including; machine design and manufacturing; fabrication, engineering and technical activities; life sciences products with application in the agri-sector; farm related software and related services; vet-pharma, animal health and chemical products. Early stage food companies with the potential to export are also encouraged to apply.
How can I apply?
The Fund will open for applications is now open and closes at 3pm on Wednesday, 30 September. Applications can be made through Enterprise Ireland's website.