Bizcamp 2011 grants and other supports aonghus sammin

Grants and other supports for Entrepreneurs
Bizcamp Galway - September 2011

Talk topics
State agencies
Bank / Debt finance
Equity
Dos and Don’ts

State agencies

Enterprise boards
1-10 employees
Manufacturing / Some services
No local service / hospitality etc.
Grants – feasibility, start-up, expansion
50% of max €75k
Mentoring and Training

Enterprise Ireland
HPSU (10+ employees / €1m exports)
Manufacturing / International services
Grants – feasibility, vouchers, r&d, various
Equity Investments - 50% of total
Competitive start fund - €50k for 10%
Advice, Expertise, Contacts

Fáilte Ireland
Tourism sector
Marketing support – Festivals and Events
Capital support – Strategic products
Business mentoring
Web development
Business Tools
Local advice and support

InterTradeIreland
Cross Border
Seedcorn €280k fund
Fund Business Angels
Information – venture capital, business cube
Events and advice

Others....
Udarás – Gaeilge, Gaeltacht
WestBIC – Training, Mentoring, Incubation
WDC – Venture, Strategic, Local
LEADER – Rural Enterprises
BIM – Seafood Grants, Training
Government departments – Agri, FAS
Revenue – CT, PRSI, R&D

Others...
Atlantic / One
Social Entrepreneurs / Ashoka
FP7 Ireland
www.j4bgrants.ie

Funding Lifecycle

Banks / Debt finance
Security....
...Ability to repay
Asset finance, Invoice discounting
Personal guarantees
Specialist banks
Hard work!

Equity investment
State agencies
The 3 Fs
BES / SCS
Business Angels
Venture Capital
Sale / IPO

BES
Enterprise Ireland approval
Tax relief at top rate
€2m maximum per company
€150k per investor pa
5 year minimum
Designated investment funds

Seed Capital Scheme (SCS)
Part of BES
PAYE paid in previous 6 years
Max relief of tax on €100k income pa
Seek advice

Business Angels
HALO network
Matching process
€25k to €250k
Skills and experience
Leverage

Venture Capital
Specific sectors
Skills and Expertise
High growth potential
Exit strategy
InterTradeIreland website

DOs & DON’Ts
DO
Business Plan
Be clear on what € you need
Talk to people who can help
Customers
DON’T
Be ill-prepared
Chase grants aimlessly

Q&A
www.bradanconsulting.ie
gus@bradanconsulting.ie

Bizcamp 2011 grants and other supports aonghus sammin

by asammin on Sep 16, 2011

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Bizcamp 2011 grants and other supports aonghus sammin — Presentation Transcript