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General Presentation Funding Landscape & EI Support Funding Your Business Rita Ward Extracts from presentation of Kevin Sherry Executive Director Enterprise.

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Presentation on theme: "General Presentation Funding Landscape & EI Support Funding Your Business Rita Ward Extracts from presentation of Kevin Sherry Executive Director Enterprise."— Presentation transcript:

1 General Presentation Funding Landscape & EI Support Funding Your Business Rita Ward Extracts from presentation of Kevin Sherry Executive Director Enterprise Ireland

2 Government agency responsible for supporting Irish businesses in the manufacturing and internationally traded service sectors €343M Annual Budget International network of 33 overseas offices 5,000+ client companies (Approx. 200 Large companies) Innovation activities across all Irish industry (Micro SME, SME, Large Indigenous, Foreign MNC) Supporting high growth industries including Food, Lifesciences, Construction, Medical technology, Agricultural technology and international financial services

3 The Funding Journey R&DStartup Early Growth Accelerating Growth Sustaining Growth Maturity Proof of Concept Funding Development Capital Replacement Capital MBO / MBI Development Capital Seed First Round Second Round Business Angels Founders, Family & Friends Public Sector Venture Capital Public Listing/IPO Debt Corporate Venturing

4 Financing Enterprises R&DStartupExpansionLarge Start-up Risk Capital. Innovation Funding Growth Funding H2020 Seed Funds EI HPSU Venture Debt IPO EIIS/BES Trade Facilities Working Capital Financing Asset Financing MicroFi nance Venture Funds Innovation Fund Ireland Development Capital Bus Angels EI CSF Growth Scaling Steady

5 Enterprise Ireland Seed & Venture Capital Programmes 1994 -2018 47 Funds €1.5Billion Total Funds Raised 4 Programmes €384million Committed by EI 1017 Clients €496million Equity Invested 2,584 Investments

6 Enterprise Ireland – Financial Supports €15k Feasibility €250k HPSU Package €50k Competitive Start Fund

7 HPSU Feasibility Support to investigate viability of export proposition Eligible costs include –Market Research –Salaries, Wages & Overheads –Business Plan Development –Technical Research –Prototyping Available Support Up to €15k at 50% rate €15k

8 Competitive Start Fund Success to date 227 Cos approved to date ~35% have gone on to iHPSU Calls 1 - 4 Future Open Calls Aviation & Mfg Female Youth What €50k for 10% equity stake matched with €5k from promoters Sprint pilot programme Digital Content CSF applicants How Competition – funding goes to highest ranking companies Panel of serial entrepreneurs select the winners €50k

9 iHPSU Package Enterprise Ireland works with promoters and 3rd parties to jointly fund a start up business plan against agreed milestones €100k - €350k (average size €250k) Funding to execute the Business Plan Equity investment CCRP or similar terms EI shareholding will not exceed 10% Max EI contribution is 50% Balance from 3 rd party Consult your EI Development Adviser!! €250k


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