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30 companies have today been named as recipients of funding under Enterprise Ireland’s Competitive Start Fund while a new call for applicants has also been issued. The closing date for applicants is Wednesday  October 10 and is open to start-ups from both ICT and Industrial sectors including sub-sectors such as Internet, Games, Apps, Mobile, SaaS, Cloud Computing, Enterprise Software, Lifesciences, Cleantech and Industrial Products.

Under the fund, start-ups will receive an equity investment of up to €50,000 for a 10 percent ordinary equity stake.  Alongside the financial help, each start-up will be provided with an experienced business mentor to support them. The application process has been designed and improved to be fast and efficient to allow the new start ups to concentrate on validating their business concept and getting to market entry stage as quickly as possible.