Funding Your Business Development Dublin City LEO Event , September 12th, 2014

Clodagh Whelan, Micro Enterprise & Small Business, Dublin Mid-East

Our mission

We help innovative Irish companies become leading global players in markets worldwide

How EI works with clients

Develop Strategic Business Plans

Access Markets & Connect with Buyers, Researchers & Investors

Building Management Capabilities and Strengths

Access Finance to support Business Plans

Who we work with…

Entrepreneurs starting companies with an

ability to compete in world markets

Ambitious co’s with the ability to scale & achieve significant

success

Manufacturing & Internationally Traded services companies

employing ten or more

Irish-basedfood and natural resource

companies that are overseas owned or controlled

High PotentialStart-up’s

High PotentialStart-up’s

ScalingScaling

Established SME’sEstablished SME’s MultinationalsMultinationals

Potential ExportersPotential Exporters

Established SME’s currently focussed on the

domestic market who have the ambition to

export

Developing links with Irish enterprise, MNCs to support

research collaboration, commercialisation of publicly

funded research, and access to FP7, ESA

Research Community

Research Community

Summary Funding Offer 2014START-UP PRODUCTIVITYPRODUCTIVITY EXPANSIONEXPANSION

CUSTOMISED INVESTMENT PACKAGESCUSTOMISED INVESTMENT PACKAGES

ADVERTISED CALL for INVESTMENT PROPOSALSADVERTISED CALL for INVESTMENT PROPOSALS

EXPLORING OPPORTUNITIESEXPLORING OPPORTUNITIES

HPSU PackageHPSU Package

Competitive Start Fund

Competitive Start Fund

New FrontiersMentors

Innovaton Voucher

New FrontiersMentors

Innovaton Voucher

R&D Projects

Innovation Partnership

R&D Projects

Innovation Partnership

R&D Fund

Horizon 2020

R&D Fund

Horizon 2020

Feasibility Study

Innovation Voucher

Feasibility Study

Innovation Voucher

INNOVATION

Lean Transform Programme

Lean Transform Programme

Lean Start

Lean Plus

Lean Start

Lean Plus

Expansion PackageNew Market Research Programme

Expansion PackageNew Market Research Programme

Job Expansion

Graduates 4 Int’l G

Job Expansion

Graduates 4 Int’l G

Feasibility StudyStrategic ConsultBAPTrade FairMentorKey MgreBusiness

Feasibility StudyStrategic ConsultBAPTrade FairMentorKey MgreBusiness

What is a High Potential Start-up?

The company must be :

• Recently established – Less than 5 years old• Innovative (operating in a growth sector).• Capable of generating at least :

• 10 full time jobs (in Ireland) - by end of Yr3• Annual revenues of €1.3M - by end of Yr3

• International sales focus• Headquartered & controlled in Ireland

• Also Strong Management Team

EI Funding for Start-UpsEarly Stage:

• Innovation Vouchers• Accelerator Supports: New Frontiers (Phase 2 €15K stipend) • Competitive Feasibility Grant (€15k - max 50%) – Calls by Region, Sector

Market Validation/Prototype Development:

• Competitive Start Fund - Call Dates on EI website• €50k Starter - Promoters €5k Equity • 10% Ordinary Shares

First Round / Investor Ready:

• iHPSU Equity Investment ~ €100k - €350k (average €250k),• CCRPs, generally fully matched – EI max. 50% of funding required.

• Aims to Build Links between Knowledge Providers and Small Businesses (must be Limited Company).

• Voucher (€5,000) can be exchanged for Advice and Expertise from Ireland’s public Knowledge Providers

• Projects:• Require Innovative Solution• Provide Additional Value for the Business• Have On-going Benefits

Innovation Vouchers

Innovation Vouchers • Knowledge Providers - Contacts• Finished Projects –Examples • Eligibility Conditions and Permitted Uses• Online Application Process• Horizon 2020 – Pilot – 1st Sept 2014 (for 6mths)• Next call for Standard applications :

17th Sept – 1st Oct 2014www.innovationvouchers.ie

Further Information :

Get Export Ready

Reports & Publications

Further Information

www.enterprise-ireland.com

Clodagh Whelan Enterprise IrelandMicro Enterprise and Small Business, Dublin Mid-East Region