High Potential Start-Up (HPSU) Funding

Enterprise Ireland is responsible for supporting High Potential Start-Up (HPSU) Companies.  HPSUs are start-up businesses with the potential to develop an innovative product or service for sale on international markets and the potential to create 10 jobs and €1m in sales within 3 years of starting up.

HPSU clients of Enterprise Ireland should contact their Enterprise Ireland Adviser to discuss funding supports.

If you are not currently a client of Enterprise Ireland and want to learn more about qualifying as a HPSU, please go to our Start a Business in Ireland section.

Funding supports from Enterprise Ireland are closely aligned to a company’s stage of development. Broadly, high potential start-up companies are viewed as being at feasibility stage; investor ready stage or growth stage.

Companies who are at the feasibility stage can apply for the following Enterprise Ireland supports aimed at developing the business idea or proposal to the point where it is investor ready.

  • HPSU Feasibility Grant
    Used to support the development of an innovative/high potential start-up and the development of an Investor Ready Business Plan. Eligible costs include; Salaries and Overheads, Consultancy Fees, Foreign Travel and Subsistence, EI approved Business Accelerator Fees, Trade Fair costs and Prototype costs.
  • Innovation Voucher
     Innovation Vouchers, worth €5,000, are available to assist early stage companies to work with a registered college or knowledge provider in Ireland and Northern Ireland to explore a business opportunity or solve a technical problem. A CRO number is required.
  • New Frontiers Entrepreneur Development Programme
     New Frontiers is Ireland’s national entrepreneur development programme run in partnership with the Institutes of Technology and Technological Universities. The programme is designed to support entrepreneurs with innovative business ideas who are planning to establish and run their own company.  A range of supports including mentoring, incubation space and a €15,000 scholarship payment are provided to help accelerate the development of the business and to equip the promoter(s) with the skills and contacts needed to successfully start and grow a company. 
  • Mentor Grant
  • Used to support the cost of a Mentor Assignment. Enterprise Ireland can match you with an experienced business mentor to assist you in your start-up phase or advise on specific areas of your plan. 

Investor Ready Supports - Companies that have a well developed business plan and need to raise investment for their business can apply for the following supports.

  • Pre-Seed Start Fund
    The purpose of the Pre-Seed Start Fund is to accelerate the growth of early-stage start-up companies that have the capacity and ambition to succeed in global markets. The fund is designed to enable companies cover operational costs to undertake key tasks including the development of a market ready product/solution, product testing in the marketplace, building critical skillsets within the start-up team. The Pre-Seed Fund will support early-stage companies to reach key technical and commercial milestones required to attract future Seed Funding within 6 – 18 months.
  • Innovative HPSU Fund (Equity)
    The Innovative HPSU Fund allows Enterprise Ireland to offer equity investment to HPSU clients, on a co-funded basis to support the implementation of a company’s business plans. First time and follow-on equity investments in HPSUs are supported under this offer.

Post Investment Supports for companies in a growth phase. These supports are focused on exploring new international opportunities and continued development of the management team.

Note: Previous funding approved by Enterprise Ireland may impact on your eligibility for the following supports.Please consult with your Enterprise Ireland Adviser to discuss.

  • Market Discovery Fund
    The aim of the Market Discovery Fund is to incentivise companies to research viable and sustainable market entry strategies in new geographic markets. It provides support towards internal and external costs incurred when researching new markets for products and services.
  • Mentor Grant
    Used to support the cost of a Mentor Assignment. Enterprise Ireland can match you with an experienced business mentor to assist you in your strategy development or advise on specific areas of your plan.
  • Innovation Voucher
    Innovation Vouchers, worth €5,000, are available to assist early stage companies to work with a registered college of knowledge provider in Ireland and Northern Ireland to explore a business opportunity or solve a technical problem.
  • Excel at Export Selling
    Excel at Export Selling is a series of workshops aimed at rapidly embedding the proven tools of good international selling practice into the sales teams of Irish companies across all industry sectors.
  • Evolve Strategic Planning Grant
    The  Evolve Strategic Planning Grant is designed to support our companies to respond to the challenges and opportunities, which have arisen as a result of changes to the trading environment in the UK market.
  • Post-Brexit : Market Growth & Diversification Grant
    The aim of the Post-Brexit : Market Growth & Diversification Grant is to help clients that are impacted by Brexit to identify new market opportunities, develop a market entry plan and grow exports in markets outside of the UK.