€200,000 fund to support next generation of agri-business in Ireland
16 August 2016
Enterprise Ireland has launched a new €200,000 competitive feasibility fund (CFF) for start-up agri-businesses.
The fund, which can provide up to €25,000 per initiative, is aimed at stimulating innovative start-ups and creating jobs and growth in the Irish agri-business sector. It will open for applications from entrepreneurs and early stage start-up companies on Tuesday August 23, and will close on Tuesday September 6, 2016.
The purpose of the fund is to enable promoters to assess the viability and market potential of their business ideas. Enterprise Ireland is seeking to support business ideas that are likely to achieve significant growth within three to four years, with sales of more than €1 million per annum and employment of 10 or more.
The fund is open to applications from individuals, early stage companies or prospective businesses operating in the agri-business sector including: machine design and manufacturing; fabrication; engineering and technical activities; life sciences products with application in the agri-sector; farm related software and related services; vet-pharma; animal health and chemical products. Early stage food companies with the potential to export are also encouraged to apply.
“A priority for Enterprise Ireland is to help Irish entrepreneurs and companies to start up. Ireland has a world-class agri-business eco system, which offers tremendous potential for entrepreneurs and existing businesses to carve out opportunities for innovative products and services,” said Denis Duggan, CFF programme manager, Enterprise Ireland.
“Agri-businesses sustain and create jobs in many rural areas and are significant contributors to their local economies. Irish agricultural machinery exports alone are valued in excess of €100m per annum. With this €200,000 competitive feasibility fund, we aim to support the next generation of Irish agri-businesses that can grow to compete in export markets, creating valuable jobs here into the future,” he said.
Full details of the fund, including application form, are available on the Enterprise Ireland web site.http://www.engineersjournal.ie/2016/08/16/e200000-fund-to-support-next-generation-of-agri-business-in-ireland/http://www.engineersjournal.ie/wp-content/uploads/2016/08/Agri-Start-Up.jpghttp://www.engineersjournal.ie/wp-content/uploads/2016/08/Agri-Start-Up-300x300.jpgNewsagriculture,Enterprise Ireland,government,jobs,startups