Bizcamp 2011 grants and other supports aonghus sammin

551 views
520 views

Published on

Published in: Economy & Finance, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
551
On SlideShare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
2
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Bizcamp 2011 grants and other supports aonghus sammin

  1. 1. Grants and other supports for Entrepreneurs<br />Bizcamp Galway - September 2011<br />
  2. 2. Talk topics<br />State agencies<br />Bank / Debt finance<br />Equity<br />Dos and Don’ts<br />
  3. 3. State agencies<br />
  4. 4. Enterprise boards<br />1-10 employees<br />Manufacturing / Some services<br />No local service / hospitality etc.<br />Grants – feasibility, start-up, expansion<br />50% of max €75k<br />Mentoring and Training<br />
  5. 5. Enterprise Ireland<br />HPSU (10+ employees / €1m exports)<br />Manufacturing / International services<br />Grants – feasibility, vouchers, r&d, various<br />Equity Investments - 50% of total<br />Competitive start fund - €50k for 10%<br />Advice, Expertise, Contacts<br />
  6. 6. Fáilte Ireland<br />Tourism sector<br />Marketing support – Festivals and Events<br />Capital support – Strategic products<br />Business mentoring<br />Web development <br />Business Tools<br />Local advice and support<br />
  7. 7. InterTradeIreland<br />Cross Border <br />Seedcorn €280k fund<br />Fund Business Angels<br />Information – venture capital, business cube<br />Events and advice<br />
  8. 8. Others....<br />Udarás – Gaeilge, Gaeltacht<br />WestBIC – Training, Mentoring, Incubation<br />WDC – Venture, Strategic, Local<br />LEADER – Rural Enterprises<br />BIM – Seafood Grants, Training<br />Government departments – Agri, FAS<br />Revenue – CT, PRSI, R&D<br />
  9. 9. Others...<br />Atlantic / One <br />Social Entrepreneurs / Ashoka<br />FP7 Ireland<br />www.j4bgrants.ie<br />
  10. 10. Funding Lifecycle<br />
  11. 11. Banks / Debt finance<br />Security....<br />...Ability to repay<br />Asset finance, Invoice discounting<br />Personal guarantees<br />Specialist banks<br />Hard work!<br />
  12. 12. Equity investment<br />State agencies<br />The 3 Fs<br />BES / SCS<br />Business Angels<br />Venture Capital<br />Sale / IPO<br />
  13. 13. BES<br />Enterprise Ireland approval<br />Tax relief at top rate<br />€2m maximum per company<br />€150k per investor pa<br />5 year minimum<br />Designated investment funds<br />
  14. 14. Seed Capital Scheme (SCS) <br />Part of BES<br />PAYE paid in previous 6 years <br />Max relief of tax on €100k income pa<br />Seek advice<br />
  15. 15. Business Angels<br />HALO network<br />Matching process<br />€25k to €250k<br />Skills and experience<br />Leverage<br />
  16. 16. Venture Capital<br />Specific sectors<br />Skills and Expertise<br />High growth potential<br />Exit strategy<br />InterTradeIreland website<br />
  17. 17. DOs & DON’Ts<br />DO<br />Business Plan<br />Be clear on what € you need <br />Talk to people who can help<br />Customers<br />DON’T<br />Be ill-prepared<br />Chase grants aimlessly<br />
  18. 18. Q&A<br />www.bradanconsulting.ie<br />gus@bradanconsulting.ie<br />

×