Start-up businesses in Ireland
are sustained through numerous financing options
, available for investors who are starting their first small company
provides various grants and loans
offering attractive conditions for the applicants. Those who want to start a company in Ireland
can access such funding options
provided that certain conditions are met and our team of Irish lawyers
can assist businessmen with details on the requirements that have to be completed in the process.
1. Innovation Grant in Ireland
When opening a company in Ireland
as a start-up
, businessmen can apply for a grant
offered by the Irish institutions
. In order to apply for a state grant in Ireland
, the investors are required to provide a solid business plan
explaining the manner in which the products or the services offered by the company
will be sold on a particular market. It should also point out the strategy used for reaching the targeted customers.
Investors can apply for the Innovation Grant
, managed under the rules of the Local Enterprise Offices
and Enterprise Ireland
. Through this grant
, the investors will obtain 50% of the company’s costs
(Value Added Tax excluded). Our team of lawyers in Ireland
can offer advice related to the application requirements.
2. Refundable Priming Grant in Ireland
Another way to access funding in Ireland
is through the Refundable Priming Grant
, which will provide to the businessmen 50% of the company’s costs
(VAT excluded). Under this programme, the investors can also receive an employment grant
in amount of EUR 10.000 per each job
created in the company
. The grant
can be offered at the maximum value of EUR 80.000.
3. New Frontiers Entrepreneur Development Programme in Ireland
The New Frontiers Entrepreneur Development Programme is accessible at Enterprise Ireland and it represents an important funding option, as it is created in a partnership with 14 technology institutes in Ireland. It is important to know that the competition for obtaining a grant under this programme is rather high and on a regular programme, only a small number of applicants are admitted (12-14 companies).
4. Competitive Start Fund in Ireland
The Competitive Start Fund is offered by Enterprise Ireland and the investors can obtain grants of EUR 50.000, in the conditions in which the company’s management is prepared to offer 10% equity to its investors.
Businessmen interested in finding out further information on other grants provided in Ireland
which are available for start-up companies
, are invited to contact our law firm in Ireland
for more details.