The objective of the Competitive Feasibility Fund for the North West Region is to assist a new start-up company, or individual entrepreneur, to investigate the viability of a new growth-orientated business proposition which has the ability to become a High Potential Start-up (HPSU). These are companies that can develop scalable innovative technologies, products or services for sale on world markets. We are seeking to support projects that are likely to achieve significant growth within three years (sales of €1m per annum and employment of 10 or more) or, where a company is required to have FDA or CE approval, to have €1 million in sales within three years of approval to sell. The total amount of this fund is €200k. Maximum grant available is €25,000 (Grant calculated at a max of 50% eligible expenditure incurred of up to €50,000).
The fund is not open to the following:
- Projects focused solely on the domestic market.
- Individuals or start-up companies that have been approved financial support from Enterprise Ireland (including Feasibility Grants, New Frontiers Stipend, CORD Grant, Competitive Start Fund or Equity Investment) in the past 2 years (as at the closing date for receipt of application).
- Applicants who were approved any other State funding for the project for which they are seeking feasibility funding.
- Companies who have already reached their De Minimis Aid limit.