Enterprise Ireland launched a call for applications to the Competitive Start Fund for applications from International Entrepreneurs active in the Manufacturing & Internationally Traded Services sectors including the following subsectors: Internet, Games, Apps, Mobile, SaaS, Cloud Computing, Enterprise Software, Lifesciences, Food, Cleantech and Industrial Products. This call for applications will close on Wednesday 27th January 2016 at 3pm.
Overview of the Competitive Start Fund
The Competitive Start Fund is targeted at start up and early stage companies in the ICT and Industrial sectors. The Fund will provide these young companies with the critical early stage funding to achieve the key commercial and technical milestones that will ensure delivery of their product or service and/or will get their project to a key funding milestone.
What is the maximum funding available?
The selected companies will receive a maximum investment of €50,000 for a 10% ordinary equity stake in the start-up company. The investment shall be released in two equal tranches. The Company will be required to secure additional equity investment of €5,000, from promoters or external investees, prior to the release of EI’s first tranche.
What is the call close date?
This call for applications will close on Wednesday 27th January 2016 at 3pm.
How do companies apply?
Applications must be made through the Enterprise Ireland online application system.
For more information:
Log on to: http://www.enterprise-ireland.com/csf
Ring the dedicated Help Line: 01 727 2202