Government and Enterprise Ireland announce new €200,000 Cork start-up fund

27 Mar 2014

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Cork entrepreneurs will now have the chance to apply for €200,000 worth of funding under a new initiative launched by the Department of Research and Innovation and Enterprise Ireland.

With the aim of facilitating some of the county’s best start-up ideas and stimulating job growth, the Cork Competitive Feasibility Fund, announced by Minister for Research and Innovation Seán Sherlock, TD, can provide up to €25,000 towards the cost of a feasibility study to help new entrepreneurs validate their start-up ideas. 

In his address, Sherlock spoke about the huge opportunities in the county. “Cork has a strong entrepreneurship culture. This fund is aimed at helping people who have a bright idea for an international business that can grow and provide valuable jobs in the Cork region.

“I am confident that there is a wealth of creative and capable potential entrepreneurs in the county that have a business idea they’d like to put to the test.”

The application process is expected to be be competitive and its particular focus is on supporting innovative, growth-oriented businesses with the potential to move into export markets over time.

For those interested in applying, the deadline for applications is 6pm on Friday, 25 April 2014.

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Colm Gorey is a journalist with Siliconrepublic.com

editorial@siliconrepublic.com