New start-up package released by Bank of Ireland

5 Jul 2016

In an appeal to agri start-ups and small businesses, Bank of Ireland has created a new package to help early-stage operations market their product or service.

Called the ‘Business Start-up Package’, Bank of Ireland’s new product includes a collection of soft services, such as digital and legal supports, as well as financial support to help the launch of a new enterprise.

Name-checking ‘agri customers and small business’, in particular, Bank of Ireland has partnered with a digital marketing agency to add to the service.

A website, a full financial review, a support line and a current account are included in the product, with Bank of Ireland’s Startlabs – dotted around Dublin, Cork, Limerick and Galway – also on offer.

“Access to professional services is a key component when starting out in business and our new offer provides free access to these professional consultants at a time when cash flow is really important,” said Declan Galvin, head of small business at Bank of Ireland.

“Our free 24-month business start-up package can help with the early stages of setting up a business and remove the cost and complication of trying to do it all yourself.”

Start-ups support

Last month, the company rolled out an online application service for sole traders seeking to open current accounts – which followed a related consumer model.

The new service for sole traders is designed to be quick and user-friendly. Applicants simply select their preferred business current account and respond to a number of business and regulatory questions.

Meanwhile, a new product designed to help start-ups that don’t have the benefit of a huge domestic market to enter the global market and be able to scale up fast has been created by Stripe, the company founded by the Collison brothers.

Stripe Connect makes it possible for marketplaces and sharing economy services to access over 1bn potential buyers and sellers globally, by giving them the instant ability to sign up sellers in any of the 25 countries where Stripe is live.

Start-up image via Shutterstock

Gordon Hunt was a journalist with Silicon Republic