Industry & Business

€750,000 announced in start-up funding for female entrepreneurs

 Breaking News
  • Greencore to Divest US Business in $1 Billion Deal Greencore Group, the Irish and UK convenience food business, has agreed to sell its entire US business to an affiliate of Hearthside Food Solutions for US$1.075 billion (£817 million) on a cash and debt-free basis. Hearthside is a major US contract food manufacturer with a heritage in US food industry outsourcing. The disposal will leave [...]...
  • Research and Innovation Critical to Business Success Post Brexit The Managing Director of the Industry Research and Development Group (IRDG) says increased investment in research and innovation by both the business sector and the State is critical in order for Irish businesses to survive the hard hitting impact of Brexit. Denis Hayes says despite budget 2019 proposals State expenditure on research and innovation will [...]...
  • Irish Distillers to Invest €150 Million in Sites in Cork and Dublin Irish Distillers has announced investment of over €150 million in its sites in Cork and Dublin to meet demand for its products as the Irish whiskey renaissance continues apace. This is accelerated by the continued growth of the company’s flagship Jameson brand, which is now in double or triple-digit growth in more than 80 markets [...]...
  • CM Precision Components Opens New Purpose-built Factory in Downpatrick Downpatrick-based CM Precision Components Ltd has officially opened its new 16,000 sq ft manufacturing facility at Invest Northern Ireland’s Killough Road Industrial Estate. The advanced engineering firm has invested almost £1 million in the construction project, to expand its production capabilities and meet the growing demands of its customers. CM Precision Components produces precision machined components for [...]...
  • Arkphire Secures New Investment IT solutions and networking company, Arkphire, has announced that Bregal Milestone, a private capital firm, has completed an investment into the business. The investment by Bregal Milestone comes from their new €400 million pan-European fund dedicated to investing in high-growth European companies. Typical commitments from Bregal Milestone range from €20 million to €60 million. Arkphire provides [...]...

€750,000 announced in start-up funding for female entrepreneurs

€750,000 announced in start-up funding for female entrepreneurs
April 27
09:00 2017

Enterprise Ireland’s €750,000 Competitive Start Fund (CSF) for Female Entrepreneurs will open for applications on Wednesday 3 May. Up to €50,000 in equity funding is available to a maximum of 15 successful female applicants with early stage start-up companies. Last year, one in three companies who received CSF investment from Enterprise Ireland were female-led.

As well as securing up to €50k in funding, ten of the successful applicants will also have the opportunity to participate in Dublin BIC’s INNOVATE accelerator programme. Delivered over a 12-week period in the Guinness Enterprise Centre, the interactive INNOVATE programme will increase the capabilities of the participants and move them to investor-ready within a short period.

The purpose of this CSF is to accelerate the growth of female-led start-up companies that have the potential to employ more than 10 people and achieve €1 million in export sales within three years. The fund is designed to enable those companies reach key commercial and technical milestones which will ensure delivery of their product or service to an international audience.

Minister for Jobs, Enterprise and Innovation, Mary Mitchell O’Connor TD said: ”Enterprise Ireland’s dedicated Competitive Start Fund for Female Entrepreneurs was put in place five years ago to encourage more women to start businesses and to provide a launch platform for business women in the Manufacturing and Internationally Traded Services sectors. Last year, 34% of CSF recipients were female entrepreneurs and this new €750,000 fund for 2017 will provide valuable and practical support for the next generation of female-led companies with global ambition to compete in export markets”.

Sarita Johnston, Female Entrepreneurship Manager, Enterprise Ireland added: “Working with ambitious start-ups led by women is a key focus for Enterprise Ireland and the purpose of the CSF is to accelerate the growth of start-up companies that have the capability to become High Potential Start-Up (HPSU) companies. We have seen a major leap in female-led early-stage companies since the commencement of our initiatives in 2012 – from 7% of HPSUs to 20% in 2016.

“Enterprise Ireland is delighted to partner with Dublin BIC on their INNOVATE programme this year. It’s a unique opportunity for ambitious female founders to receive investment from Enterprise Ireland and to participate, in parallel, on the INNOVATE programme to get their businesses investor-ready”.

Full details on the Competitive Start Fund for Female Entrepreneurs, including the application form and eligibility criteria, can be accessed on the Enterprise Ireland website www.enterprise-ireland.com/FemaleCSF

About Author

editor

editor

Related Articles

New Subscriber





Subscribe Here



Advertisements



















National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4