Enterprise Ireland Launches €200k Fund For Cork

12 Oct 2016 | 11.00 am

Enterprise Ireland Launches €200k Fund For Cork

The Competitive Feasibility Fund will be dished out in €25,000 slices

12 Oct 2016 | 11.00 am

Enterprise Ireland has launched a €200,000 Competitive Feasibility Fund for entrepreneurs and early stage startups in the Cork region. The fund is aimed at stimulating businesses by providing up to €25,000 in funding to each successful applicant.

The fund is open to individuals, early-stage companies or prospective businesses involved in manufacturing and internationally traded services in a variety of sectors, among them, games, apps, cloud computing and food.

Martin Corkery, Enterprise Ireland’s regional manager for Cork, said: “Enterprise Ireland is seeking to support business ideas that are likely to achieve significant growth within three to four years, with sales of €1 million per annum and employment of 10 or more people.”

He added: “Eligible applications for funding will be considered on a competitive basis and short-listed. All shortlisted companies will then present their idea to a panel in the Ludgate Hub, Skibbereen. The subsequent support, if awarded, will be determined by that panel.”

A brief information session on applying for this Competitive Feasibility Fund will be held on Thursday, October 20, in Enterprise Ireland’s Cork Office. Applications for funding will open on October 13 and will close on October 27 this year.

Presentations by shortlisted candidates will take place at the Ludgate Hub, Skibbereen, on November 11.

Photo: Jobs minister Mary Mitchell O’Connor (left) with Martin Corkery, Enterprise Ireland, and Grainne Dwyer, Ludgate Hub

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