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Enterprise Ireland opens up €1m Competitive Start Fund
Jenny Melia, divisional manager of high-potential start-ups, Enterprise Ireland. Image: Enterprise Ireland
The programme will award up to €50,000 in equity to successful applicants developing new innovative products and services.
Enterprise Ireland has opened up applications for the latest round of its €1m Competitive Start Fund for early-stage founders and start-ups.
The State agency will award up to €50,000 in equity to 20 young companies that are in the early stages of developing a product or service that has the potential to be scaled internationally. Applications close on 25 May.
The programme aims to find the next innovative technologies coming out of Ireland and potentially add to the agency’s pipeline of high-potential start-ups.
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€48 million invested in start-ups by Enterprise Ireland in 2020 Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar TD has
announced that Enterprise Ireland invested more than €48 million (the highest level
of funding to date) towards Irish start-ups in 2020, supporting a total of 125 new
start-up companies.
Investment was provided through Enterprise Ireland’s High Potential Start-Up (HPSU) and Competitive Start Fund (CSF) programmes.
The Covid-19 Sustaining Enterprise Fund and an increase in follow-on investments to help HPSUs scale internationally boosted investment in innovative High Potential Start-Ups in 2020.
Leo Varadkar, Tánaiste and Minister for Enterprise, Trade and Employment said: “I have nothing but admiration for the many entrepreneurs across the country who have been brave enough to start up new businesses during the pandemic. It’s been an incredibly difficult year. I have seen countless examples all across the country
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