Final Call for Enterprise Ireland's Competitive Start Fund to accelerate the growth of your start-up

10th September, 2019

CSF All Sectors 750000
Minister for Business, Enterprise & Innovation, Heather Humphreys TD pictured with Martin O'Connell, CEO of Nasal Medical and Jennifer Melia, Manager of Enterprise Ireland's HPSU.

The final call for All Sectors CSF fast approaches

Ambitious entrepreneurs and start-ups with an innovative product set for global markets are urged to apply

Enterprise Ireland’s final Competitive Start Fund (CSF) of 2019 will open to all sectors for applications on Tuesday, September 24th next. The €750,000 fund will provide up to €50,000 in equity funding for up to 15 successful applicants. The fund closes to applications at 3pm on Tuesday, 8th October 2019.

The All Sector Competitive Start Fund is part of Enterprise Ireland’s strategy for increasing the number of High Potential Start-Up companies (HPSUs) that have the qualities to achieve key commercial and technical milestones, including evaluating overseas market opportunities, building prototypes, developing market entry plans and securing third party investment.

Individual entrepreneurs, early stage companies or prospective businesses that are active in the manufacturing and internationally traded services sectors are being encouraged to apply. Those operating within subsectors such as Internet, Games, Apps, Mobile, SaaS, Cloud Computing, Enterprise Software, Lifesciences, Cleantech and Industrial Products are also eligible.

Commenting on the announcement, Minister for Business, Enterprise and Innovation, Heather Humphreys TD said: “The rate of early stage entrepreneurship in Ireland continues to increase and we now rank fifth highest among European countries.

“The funding supports offered by the Department of Business, Enterprise and Innovation through Enterprise Ireland contribute greatly to nurturing the start-up eco-system in Ireland and supports like the Competitive Start Fund can often be the boost that a start-up needs to develop and realise the potential of their idea.

“The latest Global Entrepreneurship Monitor (GEM) report found that more than one in three entrepreneurs surveyed expect to attain a quarter or more of their sales in international markets. Enterprise Ireland’s Competitive Start Fund could help make that a reality.”

“This is a positive trend in terms of our future export capabilities and strategies for internationalising Irish businesses in facing the Brexit challenge.”

The Manager of Enterprise Ireland’s High Potential Start-Up Unit, Jennifer Melia added: “In an increasingly challenging business environment, the provision of Enterprise Ireland’s funding and advisory supports has never been more crucial.

“The Competitive Start Fund can boost or accelerate the growth of any start-up company that has the potential to succeed in global markets. Companies such as Nasal Medical have utilised the full worth of the Competitive Start Fund and are a real testament as to how it can help benefit and further develop your business as they continue to build scale and expand their reach in new global markets since being awarded the fund.

“Ambitious entrepreneurs at the outset of their journey developing a product or service can really benefit from the fund and I urge anyone with the drive to see it through, to get their application in today.”

Full details on the All Sectors Competitive Start Fund, including the application form and eligibility criteria, can be accessed on the Enterprise Ireland website: www.enterprise-ireland.com/CSFAllSectors

ENDS

About Enterprise Ireland

Enterprise Ireland is the Irish State agency that works with Irish enterprises to help them start, grow, innovate and win export sales in global markets. Enterprise Ireland partners with entrepreneurs, Irish businesses, and the research and investment communities to develop Ireland’s international trade, innovation, leadership and competitiveness. In this way, we support sustainable economic growth and regional development, and help create and sustain employment in Ireland. www.enterprise-ireland.com

For further information, please contact:

Ciara Ahern

Press & Media Relations

Enterprise Ireland

Ciara Ahern

+353 1 727 2018

+383 83 800 7203