Start-ups Received €23m in Support From Enterprise Ireland in 2018

Enterprise Ireland (EI) invested €23 million in supporting young companies last year, with 132 start-ups benefiting from the agency’s help.

The firms received backing through the Competitive Start Funds (CSF) and High Potential Start-Up (HPSU) funding programmes by the Department of Business, Enterprise and Innovation through Enterprise Ireland.

That included two calls for up to €1.5 million in funding, open to all sectors, €500,000 for recent graduates and €750,000 through a fintech and deep tech CSF.

Some 82 high-potential start-ups – businesses with the potential to create 10 jobs and €1 million in sales within three to four years of establishing – were supported by EI last year, with 28 new female-led HPSUs and 15 new fintech high-potential companies incuded in the mix. Twenty-six additional HPSUs got follow-on investment funding as their businesses scaled.

Read the Full Article from the Irish Times

 

 

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