27 September 2012

Minister welcomes call for applicants for next round of funding under Enterprise Ireland Fund


Local TD and Minister for Children and Youth Affairs, Frances Fitzgerald, has welcomed the announcement of 30 successful companies awarded funding under Enterprise Ireland’s Competitive Start Fund. She has also echoed the call by her cabinet colleague, Minister for Jobs, Enterprise and Innovation, Richard Bruton for applications for the next round of funding.

“I am delighted that Swiftqueue Technologies in nearby Citywest has been awarded funding under the Competitivie Start Fund and hope that their success will inspire more local companies across Lucan, Clondalkin and Rathcoole to apply for the next allocation of funding,” said Fitzgerald.
The Competitive Start Fund provides young companies in the ICT & Industrial sectors. The critical early stage funding to test the market for their products and services and progress their business plans for the global marketplace.

Making the announcement, Minister Bruton said: “A key part of the Government’s plans for jobs and growth is creating a powerful engine of indigenous enterprise. For Ireland’s dynamic and innovative community of entrepreneurs, access to early stage funding is vital. Enterprise Ireland’s Competitive Start Fund is part of a suite of finance measures aimed at making it easier for these entrepreneurs to get into business, expand, export and create the jobs we need.” 

This will bring to 60 the number of early stage projects approved in 2012 under the Competitive Start Fund. The closing date for applicants is Wednesday 10th October and this call is open to start-ups from both ICT and Industrial sectors including sub-sectors such as Internet, Games, Apps, Mobile, SaaS, Cloud Computing, Enterprise Software, Lifesciences, Cleantech and Industrial Products.
“There is a further €750, 000 available which may benefit up to 15 companies, so I would encourage businesses to apply to the Department of Jobs, Enterprise and Innovation before the October 10th deadline. The ICT and Industrial sectors have a lot of promise in this country and I am glad to see that this funding follows on from a key commitment in the Action Plan for Jobs 2012,” concluded Fitzgerald.