€750k Enterprise Ireland competitive start fund for Longford

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Enterprise Ireland client companies created over 280 jobs in Longford in 2016

Longford's current crop of female entrepreneurs are being invited to draw their focus to Enterprise Ireland’s €750,000 Competitive Start Fund (CSF).

Designed solely for female business owners, applications opens today (May 3).

Up to €50,000 in equity funding is available to a maximum of 15 successful female applicants with early stage start-up companies.

Last year, one in three companies who received CSF investment from Enterprise Ireland were female-led.

As well as securing up to €50k in funding, 10 of the successful applicants will also have the opportunity to participate in Dublin BIC’s INNOVATE accelerator programme.

Delivered 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 purpose of this CSF 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.

The fund is designed to enable those companies reach key commercial and technical milestones, which will ensure delivery of their product or service to an international audience.

Minister for Jobs Mary Mitchell O’Connor TD said: “Enterprise Ireland’s dedicated Competitive Start Fund for Female Entrepreneurs was put in place five years ago to encourage more women to start businesses and to provide a launch platform for business women in the Manufacturing and Internationally Traded Services sectors.

“Last year, 34% of CSF recipients were female entrepreneurs and this new €750,000 fund for 2017 will provide valuable and practical support for the next generation of female-led companies.”