Enterprise Ireland Announces €1million Competitive Start Fund for Female Entrepreneurs.
Up to €50,000 in equity funding is available to a maximum of 20 successful female applicants with early stage start-up companies.
The purpose of the Competitive Start Fund for female entrepreneurs 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.
In addition to securing vital funding, 15 of the successful applicants will be offered a place on the INNOVATE accelerator programme, delivered by Dublin BIC. Taking place 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 competition, specifically for Female Entrepreneurs or female-led start-ups, active in the Manufacturing & Internationally Traded Services sectors including: Internet, Games, Apps, Mobile, SaaS, Cloud Computing, Enterprise Software, Lifesciences, Food, Cleantech and Industrial Products will open on Tuesday 1st May, 2018 and close on 15th May, 2018 at 3pm. The Fund aims to support early stage start-ups.
The fund is designed to enable those companies reach key commercial and technical milestones, for example:
- Evaluate overseas market opportunities
- Build a prototype.
- Secure a reference site.
- Develop a market entry plan for exploiting international opportunities.
- Secure partnership deal or strategic alliance.
- Identify suitable channels to international markets.
- Secure third party investment e.g. business angel, Venture Capital.
Completed application forms must be submitted through the Enterprise Ireland Online Application System by 3pm on Tuesday 15th May, 2018.
A Video Pitch must be submitted on the Sonru.com platform by 11:59pm on Tuesday 15th May, 2018.
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