Funding Your Business Development
Dublin City LEO Event , September 12th, 2014
Clodagh Whelan, Micro Enterprise & Small Business, Dublin Mid-East
Our mission
We help innovative
Irish companies become
leading global players
in markets worldwide
How EI works with clients
Develop Strategic Business
Plans
Building Management
Capabilities and Strengths
Access Markets & Connect with
Buyers, Researchers & Investors
Access Finance to support
Business Plans
Who we work with…
High Potential
Start-up’s
Entrepreneurs starting
companies with an
ability to compete in
world markets
Scaling
Ambitious co’s with
the ability to scale &
achieve significant
success
Established SME’s
Multinationals
Manufacturing &
Internationally Traded
services companies
employing ten or more
Irish-based
food and natural resource
companies that are overseas
owned or controlled
Potential Exporters
Research
Community
Established SME’s
currently focussed on the
domestic market who
have the ambition to
export
Developing links with Irish
enterprise, MNCs to support
research collaboration,
commercialisation of publicly
funded research, and access to
FP7, ESA
Summary Funding Offer 2014
START-UP
INNOVATION
PRODUCTIVITY
EXPANSION
CUSTOMISED INVESTMENT PACKAGES
HPSU Package
R&D Projects
Innovation
Partnership
Lean Transform
Programme
Expansion Package
New Market
Research
Programme
ADVERTISED CALL for INVESTMENT PROPOSALS
Competitive
Start Fund
Job Expansion
R&D Fund
Graduates 4 Int’l G
Horizon 2020
EXPLORING OPPORTUNITIES
New Frontiers
Mentors
Innovaton Voucher
Feasibility Study
Lean Start
Innovation Voucher
Lean Plus
Feasibility Study
Strategic Consult
BAP
Trade Fair
Mentor
Key Mgr
eBusiness
What is a High Potential Start-up?
The company must be :
• Recently established – Less than 5 years old
• Innovative (operating in a growth sector).
• Capable of generating at least :
• 10 full time jobs (in Ireland) - by end of Yr3
• Annual revenues of €1.3M - by end of Yr3
• International sales focus
• Headquartered & controlled in Ireland
•
Also Strong Management Team
EI Funding for Start-Ups
Early Stage:
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Innovation Vouchers
Accelerator Supports: New Frontiers (Phase 2 €15K stipend)
Competitive Feasibility Grant (€15k - max 50%) – Calls by Region, Sector
Market Validation/Prototype Development:
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Competitive Start Fund - Call Dates on EI website
€50k Starter - Promoters €5k Equity
10% Ordinary Shares
First Round / Investor Ready:
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iHPSU Equity Investment ~ €100k - €350k (average €250k),
CCRPs, generally fully matched – EI max. 50% of funding required.
Innovation Vouchers
• Aims to Build Links between Knowledge Providers and
Small Businesses (must be Limited Company).
• Voucher (€5,000) can be exchanged for Advice and
Expertise from Ireland’s public Knowledge Providers
• Projects:
• Require Innovative Solution
• Provide Additional Value for the Business
• Have On-going Benefits
Innovation Vouchers
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Knowledge Providers - Contacts
Finished Projects –Examples
Eligibility Conditions and Permitted Uses
Online Application Process
Horizon 2020 – Pilot – 1st Sept 2014 (for 6mths)
Next call for Standard applications :
th Sept – 1st Oct 2014
17
www.innovationvouchers.ie
Further Information :
Get Export Ready
Reports & Publications
Further Information
www.enterprise-ireland.com
Clodagh Whelan
Enterprise Ireland
Micro Enterprise and Small Business,
Dublin Mid-East Region