€50k Competitive Start Fund, Two Calls Now Open

All applications to the Competitive Start Fund must now ideally be able to clearly demonstrate that the product or service has reached MVP stage, and that the product is, at a minimum, live in beta and that the product or service has demonstrable customer validation with (trial and/or paying) customers.

  1. International Entrepreneurs – This fund is open to start-ups, currently located outside of the Republic of Ireland, with a start-up focusing on manufacturing & internationally traded services. For further information please go to http://www.enterprise-ireland.com/CSFOverseas
  2. Experienced Business Professionals – This Competitive Start Call is directed at mature and highly experienced business professionals with twenty-five years or more of relevant business experience in Ireland or abroad, of which at least 10 years should be at a senior or leadership level. To apply for the fund, the experienced business professional should be intent on establishing and leading a start-up company, active in manufacturing or internationally traded services. For further information please go to http://www.enterprise-ireland.com/CSFExperiencedProfessionals

What is the maximum funding available?

The selected companies will receive a maximum investment of €50,000 for a 10% ordinary equity stake in the start-up company. The investment shall be released in two equal tranches. The Company will be required to secure additional equity investment of €5,000, from promoters or external investees, prior to the release of EI’s first tranche.

What is the call close date?

These calls for applications will close on 4th September 2018 at 3pm.

How do companies apply?

Applications must be made through the Enterprise Ireland online application system.

For more information see http://www.enterprise-ireland.com/csf

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