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Funding Your Business Development Dublin City LEO Event, September 12th, 2014 Clodagh Whelan, Micro Enterprise & Small Business, Dublin Mid-East.

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Presentation on theme: "Funding Your Business Development Dublin City LEO Event, September 12th, 2014 Clodagh Whelan, Micro Enterprise & Small Business, Dublin Mid-East."— Presentation transcript:

1 Funding Your Business Development Dublin City LEO Event, September 12th, 2014 Clodagh Whelan, Micro Enterprise & Small Business, Dublin Mid-East

2 Our mission We help innovative Irish companies become leading global players in markets worldwide

3 How EI works with clients Develop Strategic Business Plans Access Markets & Connect with Buyers, Researchers & Investors Building Management Capabilities and Strengths Access Finance to support Business Plans

4 Who we work with… Entrepreneurs starting companies with an ability to compete in world markets Ambitious co’s with the ability to scale & achieve significant success Manufacturing & Internationally Traded services companies employing ten or more Irish-based food and natural resource companies that are overseas owned or controlled High Potential Start-up’s Scaling Established SME’sMultinationals Potential Exporters Established SME’s currently focussed on the domestic market who have the ambition to export Developing links with Irish enterprise, MNCs to support research collaboration, commercialisation of publicly funded research, and access to FP7, ESA Research Community

5 Summary Funding Offer 2014 START-UPPRODUCTIVITYEXPANSION CUSTOMISED INVESTMENT PACKAGES ADVERTISED CALL for INVESTMENT PROPOSALS EXPLORING OPPORTUNITIES HPSU Package Competitive Start Fund New Frontiers Mentors Innovaton Voucher R&D Projects Innovation Partnership R&D Fund Horizon 2020 Feasibility Study Innovation Voucher INNOVATION Lean Transform Programme Lean Start Lean Plus Expansion Package New Market Research Programme Job Expansion Graduates 4 Int’l G Feasibility Study Strategic Consult BAP Trade Fair Mentor Key Mgr eBusiness

6 What is a High Potential Start-up? The company must be : Recently established – Less than 5 years old Innovative (operating in a growth sector). Capable of generating at least : 10 full time jobs (in Ireland) - by end of Yr3 Annual revenues of €1.3M - by end of Yr3 International sales focus Headquartered & controlled in Ireland Also Strong Management Team

7 EI Funding for Start-Ups Early Stage: Innovation Vouchers Accelerator Supports: New Frontiers (Phase 2 €15K stipend) Competitive Feasibility Grant (€15k - max 50%) – Calls by Region, Sector Market Validation/Prototype Development: Competitive Start Fund - Call Dates on EI website €50k Starter - Promoters €5k Equity 10% Ordinary Shares First Round / Investor Ready: iHPSU Equity Investment ~ €100k - €350k (average €250k), CCRPs, generally fully matched – EI max. 50% of funding required.

8 Aims to Build Links between Knowledge Providers and Small Businesses (must be Limited Company). Voucher (€5,000) can be exchanged for Advice and Expertise from Ireland’s public Knowledge Providers Projects: Require Innovative Solution Provide Additional Value for the Business Have On-going Benefits Innovation Vouchers

9 Knowledge Providers - Contacts Finished Projects –Examples Eligibility Conditions and Permitted Uses Online Application Process Horizon 2020 – Pilot – 1 st Sept 2014 (for 6mths) Next call for Standard applications : 17 th Sept – 1 st Oct 2014

10 Further Information :

11 Get Export Ready

12 Reports & Publications

13 Further Information Clodagh Whelan Enterprise Ireland Micro Enterprise and Small Business, Dublin Mid-East Region


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