The document discusses ideas for bootstrapping a technology-based business in Ireland, emphasizing a 1000% fund increase within the first year. It outlines various funding sources, including personal funds, bank loans, and government support, and stresses the need for market research and product validation. The proposed model includes stages of development over three years aimed at aligning technology startups with investor capital and market demands.

1. BrógMhóirIallIdeas for Bootstrapping a business in Ireland, with particular focus on Technology

2. BackgroundWith the success of the first Outvesting Round at http://www.outvesting.org/, I’m adding to the 1st bootstrap round with a model to increasing funds by 1000% within year one for

3. Why Technology Based?Author has a particular interest in Technology startupsTourism, Travel, Retail and Property sector is over subscribed and under pressureFurther investment will displace jobsManufacturing is high cost setup with high cost baseDevelop a technology – licence, exdport and exploit

4. The problems...Lots of Irish investor capital has been previously tied up in PropertyFDI and EU funds have gone into capital projects where property acquisition is often the most expensive partM50, LUAS, Regeneration, Road NetworkDevelopment of Industrial/Business ParksFactories and (Grant Aid Funds, FDI expenditure)

5. Traditional Investment ModelPrivate investments lean towards 2nd homes, tax incentive propertiesRevenue Commissioners B.E.S. Scheme probably more awkward and has a very narrow application Tech not as attractive as Retail and Tourism

6. Bootstrap Funding SourcesIndividualNo Technology or Product.Personal Funds€10 - €10,000Personal Funds And Friends/Family€10 - €50,000Bank (Personal)€1,000 - €50,000Local Government Agency€1,000 - €9,000Business Angel€5,000 - €10,000Client Order€5,000 - €50,000Individual. Bootstrap to companyNew product, technology, invention, software application, ideaBank (Personal & Investment)€5,000 - €1,000,000Enterprise Ireland€19,000 - €250,000Venture Capital€100,000 - €5,000,000BES€10,000 - €50,000Client Order€5,000 - €50,000Business Angel€5,000 - €50,000

7. Bootstrap ModelIdea & ConceptualisationYesIdea ValidationProduct Test/MarketResearchDo you need GovernmentSupportIs product new?Is there demand?NoCan it be supported by ei?YesPrivate Capital and Government SupportPrivate Capital route

8. TimeFunding and SupportActions and ActivityExternal FundsApply for ei Feasibility StudyMatch up with a mentor, business partner or angelYear 1Hire accountantsAnd consultants and prototype partnersApply for bank loan, EU funds and invest private capital€10,000-€50,000Use market research and product development students at 3rd level institutions[ Private EquityGap ]Apply for incubationComplete eiTraining ProgrammeYear 2Build PrototypePrepare for ei R&D ApplicationMarket ResearchUse network to prepare BES, VECApply for BES and Matching Bank FundsYear 3€100,000-€1,000,000Prepare Market StrategyComplete First Version of product for Market

9. In SummaryVia @PatPhelan, Outvesting.org, By taking an export-potential technology or high growth idea and matching a