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€100,000 Pre-Seed Start Fund supporting innovative start-ups on their journey.

One of Enterprise Ireland’s key ambitions is to deliver a support structure for early-stage companies and entrepreneurs to meet their business development needs. With the Pre-Seed Fund, we are supporting early-stage companies in reaching the key technical and commercial milestones required to attract future seed funding. 

The Pre-Seed Start fund at a glance

  • Funding and supports for early-stage companies. 
  • 10 mentoring sessions. 
  • €50k or €100k investment. 

 

Who is it for?

  • Ideally the start-up would have a Minimal Viable Product (MVP) or be live in Beta and have early demonstrable customer validation.
  • A validated customer proposition with market research conducted.
  • A clear execution plan identifying key milestones to be achieved.
  • Evidence of innovation, internationalisation potential and employment capacity.
  • A team with experience, domain knowledge and a balance of skills.
  • Early-stage companies in the Manufacturing & Internationally Traded Services sectors.
  • An existing or potential client of Enterprise Ireland High Potential Start Up Unit (HPSU).
  • Former Competitive Start Fund (CSF) investee companies may apply for a maximum of €50,000 if they are suitable.  

 

What is provided?

  • A €50k or €100k investment in the form of convertible loan note instrument.
  • The support of an Enterprise Ireland Development Advisor.
  • 10 mentoring sessions through the Enterprise Ireland panel of mentors.
  • Access to the Enterprise Ireland Market Research Centre for market sector insights .

 

What can it be used for?

  • To accelerate the growth of early-stage start-up companies that have the capacity and ambition to succeed in global markets.
  • To enable companies to cover operational costs of key tasks including the development of a market ready solution, product testing in market, building critical skill sets on start-up team.
  • To cover costs associated with developing the business plan and progressing key technical, commercial and fundraising milestones.
  • To cover the cost of salaries, travel, and consultancy fees.

 

 

For more info on how to avail of the funding 

click here
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