New EI Fund For Mid West Startups

27 Oct 2016 | 08.52 am

New EI Fund For Mid West Startups

Eligible companies can claim up to €25,000 each

27 Oct 2016 | 08.52 am

Enterprise Ireland has opened a Competitive Feasibility Fund to support startup activity in the Mid-West region, which includes Clare, Kerry, Limerick and Tipperary.

The fund, which can provide up to €25,000 for each successful applicant, is aimed at stimulating innovative startups and creating jobs and growth in the Mid-West.

As with other CFFs, Enterprise Ireland’s applicant criteria seek 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 people.

The fund is open to applications from individuals, early stage companies or prospective businesses involved in manufacturing and internationally traded services, including sectors such as:

· Internet
· Games
· Apps
· Cloud computing
· Enterprise software
· Life sciences
· Food
· Beverages
· Consumer products
· Industrial products
· Engineering
· Medical devices
· e-Health

Jerry Moloney, regional director with Enterprise Ireland, said that successful applicants will be awarded funding to support feasibility studies including market research, cost analysis, financial projections and prototyping.

The fund closes for applications at 3pm on Tuesday, November 8. More details are available here.

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