Enterprise Ireland launches first online networking platform for female entrepreneurs
24 January 2014
‘€600k investment in 12 female-led businesses’ – Perry
‘100% increase in the number of female-led HPSU investments in 2013’-Sinnamon
The Minister of State for Small Business, Mr John Perry TD, today (Friday 24th January 2014) launched Enterprise Ireland’s first peer-to-peer online networking platform for female-led companies. The new online initiative will support female entrepreneurs by facilitating greater communication and connectivity between the growing number of female entrepreneurs supported by Department of Jobs, Enterprise and Innovation through Enterprise Ireland, helping them exploit opportunities to grow their businesses in Ireland and in international markets.
The launch of this initiative coincides with the announcement that Enterprise Ireland will invest €600,000 in 12 female-led businesses as part of the Competitive Start Fund for Female Entrepreneurs. The successful applicants span a variety of sectors including Consumer Products, Enterprise Software, Medical Devices, E-Health, Online Applications and Internationally Traded Services.
Making the announcement, Minister Perry said: ‘A key part of the Government’s Action Plan for Jobs is encouraging more businesses to start-up, grow, and create jobs. Making sure that we have an increase in the number of female-led start-ups is part of that strategy. In line with this strategy Enterprise Ireland launched a new women-in-business drive to support female entrepreneurs, which attracted a very high level of applicants with ambitious and innovative projects. The launch of the peer to peer online networking platform, supporting female led companies will help to continue to significantly boost the number of high potential female-led business start-ups. This initiative is part of a drive by Enterprise Ireland to boost the number of innovative, export-oriented businesses being set up and led by female entrepreneurs’.
Commenting on the announcement, Julie Sinnamon, Enterprise Ireland CEO, said: ‘The development of high-potential start-up businesses is core to Enterprise Ireland’s role in developing sustainable export-oriented companies. The 100% increase in female-led businesses is extremely encouraging and I am confident that the Online Networking Platform will support female entrepreneurs to expand their business horizons and set up innovative international companies that can win business abroad and create jobs at home’.
2013 saw a 100% increase in the number of female-led HPSU investments and a key priority in 2014 is to accelerate this growth through the Business Women 4 International Growthinitiative which includes:
Going for Growth: Open to female entrepreneurs with a strong focus on growth, this initiative supports female entrepreneurs to develop their business ideas. Applicants must own at least 50% of their business, be trading in that business for at least two years, and work full-time in that business. Note: closing date for receipt of completed application forms is Monday 27th January 2014.
Female Propeller Programmefor High Fliers: this accelerator programme for female led start-ups specifically addresses the challenges facing female entrepreneurs.Run over 13 weeks, the programme consists of 1 day per week, classroom-based and one-to-one mentoring, networking events and grant assistance. Note: closing date for receipt of completed application forms is Monday 27th January 2014.
Enterprise Ireland’s partners with Going for Growth, DCU Ryan Academy, Cork Institute of Technology and the NDRC to deliver these programmes.
Full details of supports are available on the Enterprise Ireland web site: www.enterprise-ireland.com/ambitiouswomen
For further information on the Female Entrepreneur Programme contact:
01 727 2192
Media queries: Press Office, Enterprise Ireland Or
Press Officer, Dept. of Jobs, Enterprse and Innovation
01 - 6312222
Notes to Editors
Competitive Start Fund – Female Entrepreneurs 2014
The Competitive Start Fund for Female Entrepreneurs provides female-led companies with critical early stage funding. The fund is designed to enable those companies reach key commercial and technical milestones. 12 companies will receive an equity investment of €50,000 under this round of funding.
The fund is aimed at businesses with the potential to become a High Growth Potential Start-up (HPSU). These are companies that can develop scalable innovative technologies, products or services for sale on world markets. We are supporting projects that are likely to achieve significant growth in three to four years (sales of €1m per annum and employment of 10 or more) or, where a company is required to have FDA or CE approval, to have €1 million in sales within three years of approval to sell.
|Successful Female Entrepreneurs COMPETITIVE START FUND applicants 2014|
|Fab Studio Ltd|
|DiaNia Technologies Ltd|
|Cloud KPI's Ltd|
|Vac Travel Ltd|
|Market Finder Ltd|
|It's Beside You Ltd|
|Idoneus Medical Services Ltd|
Going For Growth – call for applications from female entrepreneurs
Going for Growth is an initiative which supports female entrepreneurs to develop their business ideas. The initiative is open to female entrepreneurs who are trading in their current business for at least two years, who own at least 50% of their business, are working full-time in that business and are strongly focused on growth. If this description fits you, and you would like to be considered for inclusion in the forthcoming cycle, then please register your interest on the website www.goingforgrowth.com and you will receive an application form.
The Going for Growth initiative is funded by the European Social Fund (ESF) and the Department of Justice and Equality under the Equality for Women Measure 2010-2013 and by Enterprise Ireland female entrepreneurship initiatives.
Please note that the final date for receipt of completed application forms is Monday 27th January 2014.
Female Propeller Programme for High Fliers- Call for applications from Female Entrepreneurs.
DCU Ryan Academysupported by the Enterprise Ireland female entrepreneurship initiatives is launching a Female Propeller Programme for High Fliers, an accelerator programme for female led start-ups to specifically address the challenges facing female entrepreneurs.
The 13 week programme consists of 1 day per week with classroom based and one-to-one mentoring, networking, grant assistance and ends with a Demo Day with some lucrative prizes for the winning pitch.
For further information on the programme –. http://www.ryanacademy.ie/propeller-venture-accelerator/female-propellerclosing date for the programme is Monday 27th January @ 5pm
About Enterprise Ireland: www.enterprise-ireland.com
Enterprise Ireland is the Irish Government agency charged with developing and promoting Irish enterprise. Enterprise Ireland partners with entrepreneurs, Irish businesses, and the research and investment communities to develop Ireland’s International trade, innovation, leadership and competitiveness. The ultimate objective is increased exports, employment and prosperity in Ireland.