Page 122 - Bord Bia

CONTENTS

STAGE 1

g) Funding & Financials
Continued

(ii) Start Up Sources of Funding Start-up

Enterprise Ireland (EI) Support

EI have a number of funding schemes for start
ups. They typically invest by way of equity on a EXPANSION • HPSU package
co-funded basis.
• HPSU feasibility grant
EI seeks to partner with entrepreneurs, Growing your
Irish businesses and the research & Business Including:
investment communities to develop Ireland’s
international trade, innovation, leadership and & • Business accelerator
competitiveness. • Trade fairs
Exploring
Although EI considers support for all start ups New • Mentor support
with a clear plan and vision, it also has a special Opportunities
category known as High Potential Start Ups • Business links
(HPSUs). These are deined as start-up businesses
with the potential to develop an innovative
product or service for sale on international
markets. HPSUs have the potential to create 10 INNOVATION • Competitive start fund
jobs or more and generate more than €1million
in sales within 3 to 4 years of starting up. • Innovation vouchers
Developing (also small companies)
To become a client of Enterprise Ireland and learn New Ideas
more about qualifying as a HPSU,
please visit Start a Business in Ireland

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