€200,000 fund launched to boost business in Midlands and Mid-East

Business, Economy, Finance | Thu 17 Dec | Author – Business & Finance
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A new Enterprise Ireland €200,000 Competitive Feasibility Fund for the Midlands and Mid-East regions aimed at stimulating innovative start-ups and creating jobs and growth has been announced.

Applications will be accepted from entrepreneurs and early stage start-up companies in counties Laois, Longford, Offaly, Westmeath, Kildare, Meath and Wicklow from January 11th 2016.

Enterprise Ireland is seeking to support business ideas that are likely to achieve exports and significant growth within three to four years, with sales of over €1m per annum and employment of 10 or more.

An Taoiseach Enda Kenny TD said: “Supporting entrepreneurs and early stage businesses to start, grow, export and create jobs is a key part of the Government’s plan to keep the recovery going. Competitive Feasibility Funds are all about helping innovative start-up companies to develop businesses that will create jobs in every region in Ireland. If you are a potential entrepreneur or early stage business with an innovative start-up idea targeting export markets, and are based in the Midlands and Mid-East regions, then this Competitive Feasibility Fund can help you get started.”

Tom Hayes, head of Entrepreneurship and Regions, Enterprise Ireland, added: “This €200,000 fund is an investment by Enterprise Ireland in supporting the development of high potential start-up companies in counties Laois, Longford, Offaly, Westmeath, Kildare, Meath and Wicklow. This new Fund will give a welcome boost to those entrepreneurs with innovative and ambitious ideas. The fund is open to people from the region including those who may have emigrated and wish to return home, as well as potential entrepreneurs and early stage businesses, with an idea that could be transformed into a company with export potential.”

The closing date for applications is 3pm on Monday, January 25th 2016.