Do you need access to funds to help you get started? Well then you better sit up and pay attention! Introducing Microfinance Ireland! continue reading
Eibhlin Curley Assistant CEO of Dublin City Enterprise Board and Startup Awards Judge explains the grant application process..
Entrepreneurs looking for an investment in their new business venture must have the ability to deliver an effective pitch, and in a sense they must be good salespeople. Having a good idea with a solid plan in place may not be enough. continue reading
Struggling to find that all-important funding? Irelands growing network of angel investors may be the way to secure the future of your start-up. continue reading
One of the most frequently asked questions that we get on Startups.ie is what support and grants are available for new businesses. continue reading
Hothouse – www.hothouse.ie is here to help start up businesses! It is funded by Dept of Education and Science and is run by Dublin Institute of Technology. The main points of note are:
* Free incubation space for 1 year
* Ten sessions with a business mentor
* Workshops on key topics
* Access to funding
Hothouse Venture Programme, is a year-long comprehensive support and incubation programme for entrepreneurs with technology based business ideas. The programme offers a number of supports including:
- Incubation space
- Management development training
- Strategic business counselling
- Access to an enterprise and investment network
- Access to funding through Enterprise Ireland CORD grant which could provide you with up to 50% of your previous years salary paid to you on a monthly basis over the course of the Programme The guideline requirements for CORD are…
* Potential to have turnover of €1million and 10 employees within three years
* Have strong export potential.
* Have some new or unique technology
Note you can still come on Hothouse without being eligible for CORD.
The workshops are run once a month for 12 months on a Friday and Saturday 10am – 5pm. They are generally very practical in nature. Lots of collaborative work, case studies and active participation. The cover topics such as Business strategy, Legal, Market research, Finance, Pitching to customers and/or investors, Sales, time management, and HR. So a broad range of the relevant topics in setting up a successful business.
We also organise mentors. These are professional people most often from the industry relevant to your business. They have great experience and often great contacts.
You can apply by emailing firstname.lastname@example.org with a description of your business, what stage your service/product (e.g. proto type, trial customers, trading etc). Also any market demand feedback. A copy of your CV is also useful. More details on the Hothouse brochure www.pdc.ie/pdf/Hothouse.pdf
So we are looking forward to hearing from all you intrepid entrepreneurs…
NDRC is now accepting applications to January 2011 three month Accelerator Entrepreneurial Internship Programme “LaunchPad”
NDRC (National Digital Research Centre) today announced that it is accepting applications to the January 2011 “Ideas to Income” LaunchPad programme. LaunchPad is a three month accelerator programme that is targeted at emerging start-up entrepreneurs with strong research links; applications will be accepted from small groups or individual entrepreneurs with ideas for new businesses in the digital space.
A number of applicants will be invited to NDRC to pitch their concept to a panel of judges. Successful applicants will be provided with a dedicated working environment within the Digital Hub for the 3 month period, a hands-on mentoring programme from industry experts; weekly workshops and networking opportunities; plus an investment of up to €20,000 per project. All projects work towards a product or service launch, on completion projects will take part in “LaunchPad Lift-off” where they will network and pitch to investors in a battle for funding.
A number of projects have achieved successes through the LaunchPad programme to date. One company that has emerged from LaunchPad is Point The Way – offering an advanced GPS navigation system for the visually impaired. While taking part in LaunchPad Point-the-Way secured an advisory team that includes the National Council for the Blind. Point-the-Way are currently in discussion with the Royal National Institute of Blind People in the UK, technology companies and other partners on the potential to improve the independence of blind people. Glidesys Technologies Ltd joined LaunchPad with their product Glidebooks, an instant activity sharing service that addresses the cost and complexity of managing a mobile workforce, back-office operations and customers. During their time in the LaunchPad programme, Glidebooks secured follow-on funding, built an advisory board from academia and industry and is currently testing their product with a user base of 250 people.
Reflecting on the successes of past programmes Ben Hurley, CEO, NDRC said “We have seen impressive results from the LaunchPad programmes to date with 82% of projects launching prototypes within the 3 month programme time period, 27% of projects that have taken part in LaunchPad have successfully raised finances to proceed with their business and 91% of projects have met with potential investors”. Mr Hurley continued “These figures reflect the potential that can be achieved within a short period of time when the right people collaborate and focus on progressing ideas to income. NDRC is positioned between industry, academia and venture investment, bridging the gap between research, and investment with a bold approach to progressing concepts from idea to investment”.
Closing date for application to “LaunchPad” is 5pm on 17th November 2010. Selected applicants will pitch for entry into the programme to a panel of evaluators and the programme start date will be 5th January 2011. To apply for a place on the LaunchPad programme visit http://www.ndrc.ie/submit/launchpad/
Dublin City University’s Ryan Academy for Entrepreneurship announces the establishment of a seed venture fund of 1 million for early stage technology start-up companies. continue reading
Brian Larkin is a qualified accountant who previously spent several years in practice specialising in growth strategies for SME’s and start up companies. He tells us why more than ever cash really is king ….
Looking for an alternative source of investment capital? Check out first step microfinance.
The goal is the creation of enterprise through self employment and they provide loans of up to €25,000 to start up or expanding new businesses.
First-Step provides loans to people who want to create their own enterprise and who cannot access funding, or sufficient funding, from other sources.
The core goal is to help finance start up and expanding Small and Medium Enterprises (SME’s) to provide job opportunities. They have an application and screening process which evaluates the applications received and stress tests them for likely success based on information received.
First-Step is a private not-for-profit company. First-Step receives funding from Enterprise Ireland through the EU Seed and Venture Capital Fund and the Social Finance Foundation. First-Step is the beneficiary of an SME Guarantee Facility created within the framework of the Competitiveness and Innovation Framework Programme (CIP) of the European Community.