Wednesday, 9 January 2013

Enterprise Ireland Competition Fund - Opens Today

Applications to the Competitive Start Fund will open on Wednesday 9th January 2013 and will close on Wednesday 23rd January 2013 at 3pm. Late applications will not be accepted. All applications to the fund must be made via the Enterprise Ireland Online Application System.

This fund is open to applications from early stage companies, who meet the eligibility criteria outlined below, and who are active in the ICT & Industrial sectors including the following subsectors: Internet, Games, Apps, Mobile, SaaS, Cloud Computing, Enterprise Software, Lifesciences, Cleantech and Industrial Products.

Overview of the Competitive Start Fund

The purpose of the Competitive Start Fund is to accelerate the growth of start-up companies that have the capability to succeed in global markets. The fund is designed to enable those companies reach key commercial and technical milestones, for example:
Evaluate overseas market opportunities and reach firm conclusions regarding the viability of the proposed business.
Build a prototype.
Secure a reference site.
Develop a market entry plan for exploiting international opportunities.
Secure partnership deal or strategic alliance.
Identify suitable channels to international markets.
Secure third party investment e.g. business angel, Venture Capital.