It was announced last week that Enterprise Ireland, “the government organisation responsible for the development and growth of Irish enterprises in world markets”, has set up a €10million fund to attract international entrepreneurs to set up in or relocated to Ireland.

One of the qualifications is that you provide a significant portion of funding yourself or raise it from commercial sources. Also, receipt of funding at this stage doesn’t preclude you from getting additional funding when you are out of the start-up stage, including assistance with the cost of expansion.

“Enterprise Ireland’s initial equity investment in start ups is mainly in the range €100k – €500k. Our investment can be in the form of ordinary shares and/or convertible preference shares. We do not take more than 10% of the ordinary equity.” They also state that they do not normally take a seat on the Board.

Before contacting Enterprise Ireland to start the application process they ask that you review Do I qualify for help from Enterprise Ireland?

Click here to download the brochure for this programme.

We can assist you in setting up a limited company in Ireland and provide a full range of business and accountancy services, with a focus on assisting international companies looking to set up in Ireland.

Contact us for further information on setting up a business in Ireland.