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AgriBusiness Competitive Feasibility Fund is no open

From September 25th  Enterprise Ireland will open a Competitive Feasibility Fund for Agri Businesses.  Full details are available on www.enterprise-ireland.com/AgriFund

The fund is targeted mainly at agri-business as  businesses operating in the agri-business sector including, but not limited to - machine design & manufacturing; fabrication, engineering & technical activities; life sciences products with application in the agri-sector; farm related software and related services; vet-pharma, animal health & chemical products.  Food projects are also eligible to apply. Successful applicants may receive a max of €25,000 funding on eligible expenditure of €50,000.

Applications open on August 25th and close on September 8th.

Overview of the Agri Business Competitive Feasibility Fund

The Irish agri-business sector has an unrivalled reputation across the world. Agricultural machinery exports reach over €100m per annum primarily to the UK and Europe with several Irish machinery companies exporting on a global scale.

The agri-business sector is set to continue to expand with significant events such as the abolition of dairy quotas in 2015, and the commitments to the Irish food and agri-business industry in Harvest 2020. Enterprise Ireland recognise the need to encourage, grow and develop the next generation of Irish agri-business companies competing on a global scale.  The Competitive Feasibililty Fund for Agri-Business aims to support agri-business entrepreneurs grow scalable businesses. The total fund size is up to €250,000. Applications for funding are considered on a competitive basis.

The objective of the Competitive Feasibility Fund for Agri Business Entrepreneurs is to assist 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.