Donegal Business Week Presentation

1. ENTERPRISE IRELAND
Where innovation means business

2. Enterprise Ireland
• Government agency responsible for supporting Irish
businesses in the manufacturing and internationally traded
service sectors
• €343M Annual Budget
• International network of 33 overseas offices
• 5,000+ client companies (Approx. 200 Large companies)
• Innovation activities across all Irish industry (Micro SME,
SME, Large Indigenous, Foreign MNC)
• Supporting high growth industries including Food,
Lifesciences, Construction, Medical technology, Agricultural
technology and international financial services

3. Irish business
becomes a
powerhouse of
economic growth
and job creation
Our Vision

5. Projects we Support
Manufacture or internationally tradable service
Usually based on technological innovation
Export oriented
10 employees within 3/4 yrs, Sales > €1m

6. 6
The Funding Journey
R&D Startup Early Growth
Accelerating
Growth
Sustaining
Growth
Maturity
Proof of
Concept
Funding
Development
Capital
Replacement
Capital
MBO / MBI
Development
Capital
Seed Corn First Round Second Round
Business Angels
Founders, Family & Friends
Public Sector
Venture Capital
Public Listing/IPO
Debt
Corporate Venturing

7. 10 competitions/year
Online application
Dragon’s Den selection of winners
Our Financial Start-up Supports
Feasibility Grant
14 Institutes of Tech
~400 attend Phase 1
150 full-time on Phase 2
€ 15k stipend for six months
Commercialisation Fund
€5-25k for 150 companies
Third Level

8. New Frontiers Programme
Ireland’s National entrepreneur development
programme, delivered at local level by the Institutes of
Technology.
Objective:
Accelerate the development of entrepreneurs and the
creation of sustainable new businesses across the
region.
Details:
www.enterprise-ireland.com/newfrontiers

9. 9
€15k
HPSU Feasibility
Enterprise Ireland – Financial
Supports
€250k
HPSU Package
€50k
Competitive Start Fund

10. 10
HPSU Feasibility
• Support to investigate viability of export
proposition
• Eligible costs include
• Market Research
• Salaries, Wages & Overheads
• Business Plan Development
• Technical Research
• Prototyping
• Available Support
€15k

11. 11
Competitive Start Fund
Success to date
• 227 Cos approved to date
• ~35% have gone on to
iHPSU
•Calls 1 - 4
Future Open Calls
• Aviation & Mfg
• Female
• Youth
What
• €50k for 10% equity stake
matched with €5k from
promoters
• Sprint pilot programme
• Digital Content CSF
applicants
How
•Competition – funding goes to highest ranking companies
•Panel of serial entrepreneurs select the winners
€50k

12. 12
iHPSU Package
Enterprise Ireland works with promoters and 3rd parties to jointly fund
a start up business plan against agreed milestones
• €100k - €350k (average size €250k)
• Funding to execute the Business Plan
• Equity investment
• CCRP or similar terms
• EI shareholding will not exceed 10%
• Max EI contribution is 50%
• Balance from 3rd party
• Consult your EI Development Adviser!!
€250k

13. 13
What we look for in iHPSU
• Large Market Opportunity [especially if VC
needed]
• Barriers to Entry [Current/Future]
• High Growth, High Gross Margins, Scalable

14. 14
Building Capability
Accelerated
Growth
Engagement

15. Ambitious Irish Female Entrepreneurs
• ‘Ambitious Women’ program
• Targeted Competitive Feasibility Fund
• 61 investments in new start-ups led by female
entrepreneurs in 2015

16. Useful Links
• https://www.enterprise-ireland.com/en/Start-a-
Business-in-Ireland/
• https://www.enterprise-ireland.com/en/funding-
supports/
• https://www.enterprise-ireland.com/en/Export-
Assistance/
• http://www.newfrontiers.ie/
• www.revenue.ie/en/tax/it/leaflets/it15a.pdf
• www.revenue.ie/en/tax/it/leaflets/it15-seed-
capital-scheme.pdf

17. • www.businessangels.ie - www.hban.org
• www.aibseedcapitalfund.ie/apply.php
• www.kernelcapital.ie/investment/seedfund.html
• www.innovationvouchers.ie
• www.localenterprise.ie/
• www.startups.ie/
• www.citizensinformation.ie/
• https://www.takingcareofbusiness.ie/

18. Enterprise Ireland Contact
Carole Brenan
Senior Regional Development Executive
Micro Enterprise & Small Business
Finisklin Business Park
Sligo
Tel 071 91 59726
Mobile: 0876126044
eMail carole.brenan@enterprise-ireland.com
www.enterprise-ireland.com