Enterprise Ireland €200k feasibility fund to support next generation of agri-business in Ireland

15th August, 2016

CFF Agri
 L-R: Paddy Halton, Managing Director, TrueNorth Technologies; Minister for Jobs, Enterprise and Innovation, Mary Mitchell O’Connor TD, and Denis Duggan, Enterprise Ireland.

The Minister for Jobs, Enterprise and Innovation, Mary Mitchell O’Connor TD, today (Monday 15 August 2016) 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.

The Fund will open for applications from entrepreneurs and early stage start-up companies on Tuesday 23 August, and will close on Tuesday 6 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 €1m+ 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 T.D. 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”.

Denis Duggan, CFF programme manager, Enterprise Ireland said: “A priority for Enterprise Ireland is to help Irish entrepreneurs and companies to start up. Ireland has a world-class agri-business eco system, which offers tremendous potential for entrepreneurs and existing businesses to carve out opportunities for innovative products and services. Agri-businesses sustain and create jobs in many rural areas and are significant contributors to their local economies. Irish agricultural machinery exports alone are valued in excess of €100m per annum. With this €200k Competitive Feasibility Fund, we aim to support the next generation of Irish agri-businesses that can grow to compete in export markets, creating valuable jobs here into the future”.

The closing date for applications is Tuesday 6th September 2016.  Full details of the fund, including application form, are available on the Enterprise Ireland web site: www.enterprise-ireland.com/AgriFund

ENDS

Photos will be syndicated by Fennell Photography and are available on request.

For further information please contact: 

Denis Duggan

Enterprise Ireland, Athlone

Denis Duggan

+353 86 1681848 

Paula Chase

Press Officer - Enterprise Ireland

Paula Chase

+353 1 7272842