Enterprise Ireland launch new Competitive Start Fund
Ten companies will each receive an investment of €50,000 for a 10% equity stake. In addition the winning companies will receive a package of other supports including mentor, development program, etc.
Applications are made online and the twenty best companies will be invited to Ireland to pitch for the ten investments during The The Start-up Gathering 2015 in October.
The Competitive Start Fund aims to accelerate the growth of start-up companies that have the capability to succeed in global markets. The fund is designed to enable those companies reach key commercial and technical milestones, for example:
- Build a prototype.
- Secure a reference customer.
- Achieve “product-market fit”
- Secure a Seed Round investment from business angels, Seed Funds, VCs etc.
Applications are considered on a competitive basis. Closing date for completed applications is the 9th September. Further details of the rules and application form are to be found Here