A new Enterprise Ireland Competitive Feasibility Fund for agri-businesses has been launched by the Minister for Jobs, Enterprise and Innovation, Mary Mitchell O’Connor today.
The purpose of the Competitive Feasibility 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 €1m+ per annum and employment of 10 or more.
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.
The Fund will open for applications from entrepreneurs and early stage start-up companies on Tuesday 23 August, and will close on Tuesday 6 September 2016.
It 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.
Minister for Jobs, Enterprise and Innovation, Mary Mitchell O’Connor commented, "In Ireland we have a strong and dynamic agri-business sector, with highly innovative companies like TrueNorth Technologies successfully winning sales in international markets. Competitive Feasibility Funds are all about developing new businesses that will create jobs in every region in Ireland – something this Government is deeply committed to."