€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
€48 million invested in start-ups by Enterprise Ireland in 2020
fm104.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fm104.ie Daily Mail and Mail on Sunday newspapers.
Enterprise Ireland more than doubles its investment in start-up companies in 2020 Ireland, news for Ireland, Ireland,StartUps,
businessworld.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessworld.ie Daily Mail and Mail on Sunday newspapers.
Enterprise Ireland invested €48m in start-ups during a difficult 2020
Image: © VAKSMANV/Stock.adobe.com
The agency supported 125 new start-ups throughout the year with half of these being outside of Dublin and 38 led by women.
Enterprise Ireland invested €48m in start-ups in 2020 with 125 new companies funded amid the disorder of the coronavirus pandemic.
The total number of new companies supported by Enterprise Ireland is down slightly from 127 in 2019.
About half of these companies are outside of Dublin while 38 are led by women, as part of the agency’s Action Plan for Women in Business, which was launched last year to boost female-led businesses.