€25k Available for New Start-up Companies in the Mid-West Region
26th October 2016
Enterprise Ireland has opened a Competitive Feasibility Fund to support start up activity in the Mid-West region to include Clare, Kerry, Limerick and Tipperary. The fund, which can provide up to €25,000 for each successful applicant, is aimed at stimulating innovative start-ups and creating jobs and growth in the Mid-West.
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 €1m per annum and employment of 10 or more people.
The fund is open to applications from individuals, early stage companies or prospective businesses involved in manufacturing and internationally traded services, including sectors such as:
– Cloud Computing
– Enterprise Software
– Consumer Products
– Industrial Products
– Medical Devices
Jerry Moloney, Regional Director, Enterprise Ireland added: “A priority for Enterprise Ireland is to help Irish entrepreneurs and companies to start up and grow. Successful applicants will be awarded funding to support feasibility studies including market research, cost analysis, financial projections and prototyping. With this Competitive Feasibility Fund, we aim to support the next generation of ambitious Irish businesses that can grow to compete in global markets, creating valuable jobs in the Mid-West in the future”.