Competitive Start Fund - Applications 2016

Competitive Start Fund is targeted at start up and early stage companies in the ICT and Industrial sectors. Maximum investment of €50,000 for a 10% ordinary equity stake in the start-up company. 

Keep an eye out for the various 'Open Calls' posted throughout the year!

Overview

The purpose of the Competitive Start Fund is to accelerate the growth of start-up companies that have the capability to succeed in global markets.  The fund is designed to enable those companies reach key commercial and technical milestones, for example:

  • Evaluate overseas market opportunities and reach firm conclusions regarding the viability of the proposed business.
  • Build a prototype.
  • Secure a reference site.
  • Develop a market entry plan for exploiting international opportunities.
  • Secure partnership deal or strategic alliance.
  • Identify suitable channels to international markets.
  • Secure third party investment e.g. business angel, Venture Capital.

The investment will 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 Enterprise Ireland’s first tranche.

All applications to the Competitive Start Fund must be made via the Enterprise Ireland online application system during call open dates. For more information visit http://www.enterprise-ireland.com/en/funding-supports/Company/HPSU-Funding/Competitive-Start-Fund-CSF-.html

 

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