Competitive Start Fund Call Now Open

By Enterprise Ireland
Wednesday, 1st April 2015
Filed under: Year2015

Enterprise Ireland today have launched two calls for applications to the Competitive Start Fund (Graduate Entrepreneurship &  All Sectors). Applications can be made through the Enterprise Ireland online application system until 3pm on 15th April, 2015.

The Competitive Start Fund is targeted at start up and early stage companies in the ICT and Industrial sectors. The Fund will provide these young companies with the critical early stage funding to achieve the key commercial and technical milestones that will ensure delivery of their product or service and/or will get their project to a key funding milestone.

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.

Further details on both categories open for application are provided below (note applicants are restricted to apply to one call only)

CSF 23 – Graduate Entrepreneurship

Open for applications from recent graduates active in the Manufacturing & Internationally Traded Services sectors including the following subsectors: Internet, Games, Apps, Mobile, SaaS, Cloud Computing, Enterprise Software, Lifesciences, Food, Cleantech and Industrial Products.

Additional eligibility criteria apply as follows for this call only:

Must be a graduate within the last 3 years (from date of application) of a third level qualification with NFQ level 8 accreditation or higher; Please note individuals who are currently sitting their NFQ Level 8 exams this year are eligible to apply for Enterprise Irelands Graduate Competitive Start Fund. Applicants must have prior to legal’s written notification from their educational institution of final results indicating that they will be conferred with a degree of at least NFQ level 8 or equivalent.

CSF 24 – All Sectors

A call for applications for those active in the Manufacturing & Internationally Traded Services sectors including the following subsectors: Internet, Games, Apps, Mobile, SaaS, Cloud Computing, Enterprise Software, Lifesciences, Food, Cleantech and Industrial Products.

PLEASE NOTE for Calls No. 23 & 24 (outlined above) applicants are, either the Graduate Entrepreneurship OR the All Sectors call. Applicants who apply for both may be deemed ineligible.

For more information visit the Enterprise Ireland website