Enterprise Ireland €200k Feasibility Fund for Agri-business in Ireland
15th August 2016
The Minister for Jobs, Enterprise and Innovation, Mary Mitchell O’Connor TD, today launched a new Enterprise Ireland Competitive Feasibility Fund for agri-businesses.
The Fund, which can provide up to €25,000 per initiative, is aimed at stimulating innovative start-ups and creating jobs and growth in the Irish agri-business sector. It will open for applications from entrepreneurs and early stage start-up companies on Tuesday 23rd August, and will close on Tuesday 6th September 2016.
The purpose of the Competitive Feasibility Fund is to enable promoters to assess the viability and market potential of their business ideas. Enterprise Ireland is seeking to support business ideas that are likely to achieve significant growth within three to four years, with sales of €1 million+ per annum and employment of 10 or more.
The fund is open to applications from individuals, early stage companies or prospective businesses operating in the agri-business sector including: machine design and manufacturing; fabrication; engineering and technical activities; life sciences products with application in the agri-sector; farm related software and related services; vet-pharma; animal health and chemical products. Early stage food companies with the potential to export are also encouraged to apply.
Launching the Fund the Minister for Jobs, Enterprise and Innovation, Mary Mitchell O’Connor TD said: “In Ireland we have a strong and dynamic agri-business sector, with highly innovative companies like TrueNorth Technologies successfully winning sales in international markets. Competitive Feasibility Funds are all about developing new businesses that will create jobs in every region in Ireland – something this Government is deeply committed to. If you are a potential entrepreneur or early stage business in the agri-business sector, this Competitive Feasibility Fund can help you get started”.