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Grants and other supports for Entrepreneurs Bizcamp Galway - September 2011
Talk topics State agencies Bank / Debt finance Equity Dos and Don’ts
State agencies
Enterprise boards 1-10 employees Manufacturing / Some services No local service / hospitality etc. Grants – feasibility, start-up, expansion 50% of max €75k Mentoring and Training
Enterprise Ireland HPSU (10+ employees / €1m exports) Manufacturing / International services Grants – feasibility, vouchers, r&d, various Equity Investments - 50% of total Competitive start fund - €50k for 10% Advice, Expertise, Contacts
Fáilte Ireland Tourism sector Marketing support – Festivals and Events Capital support – Strategic products Business mentoring Web development  Business Tools Local advice and support
InterTradeIreland Cross Border  Seedcorn €280k fund Fund Business Angels Information – venture capital, business cube Events and advice
Others.... Udarás – Gaeilge, Gaeltacht WestBIC – Training, Mentoring, Incubation WDC – Venture, Strategic, Local LEADER – Rural Enterprises BIM – Seafood Grants, Training Government departments – Agri, FAS Revenue – CT, PRSI, R&D
Others... Atlantic / One  Social Entrepreneurs / Ashoka FP7 Ireland www.j4bgrants.ie
Funding Lifecycle
Banks / Debt finance Security.... ...Ability to repay Asset finance, Invoice discounting Personal guarantees Specialist banks Hard work!
Equity investment State agencies The 3 Fs BES / SCS Business Angels Venture Capital Sale / IPO
BES Enterprise Ireland approval Tax relief at top rate €2m maximum per company €150k per investor pa 5 year minimum Designated investment funds
Seed Capital Scheme (SCS)  Part of BES PAYE paid in previous 6 years  Max relief of tax on €100k income pa Seek advice
Business Angels HALO network Matching process €25k to €250k Skills and experience Leverage
Venture Capital Specific sectors Skills and Expertise High growth potential Exit strategy InterTradeIreland website
DOs & DON’Ts DO Business Plan Be clear on what € you need  Talk to people who can help Customers DON’T Be ill-prepared Chase grants aimlessly
Q&A www.bradanconsulting.ie gus@bradanconsulting.ie

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Bizcamp 2011 grants and other supports aonghus sammin

  • 1. Grants and other supports for Entrepreneurs Bizcamp Galway - September 2011
  • 2. Talk topics State agencies Bank / Debt finance Equity Dos and Don’ts
  • 4. Enterprise boards 1-10 employees Manufacturing / Some services No local service / hospitality etc. Grants – feasibility, start-up, expansion 50% of max €75k Mentoring and Training
  • 5. Enterprise Ireland HPSU (10+ employees / €1m exports) Manufacturing / International services Grants – feasibility, vouchers, r&d, various Equity Investments - 50% of total Competitive start fund - €50k for 10% Advice, Expertise, Contacts
  • 6. Fáilte Ireland Tourism sector Marketing support – Festivals and Events Capital support – Strategic products Business mentoring Web development Business Tools Local advice and support
  • 7. InterTradeIreland Cross Border Seedcorn €280k fund Fund Business Angels Information – venture capital, business cube Events and advice
  • 8. Others.... Udarás – Gaeilge, Gaeltacht WestBIC – Training, Mentoring, Incubation WDC – Venture, Strategic, Local LEADER – Rural Enterprises BIM – Seafood Grants, Training Government departments – Agri, FAS Revenue – CT, PRSI, R&D
  • 9. Others... Atlantic / One Social Entrepreneurs / Ashoka FP7 Ireland www.j4bgrants.ie
  • 11. Banks / Debt finance Security.... ...Ability to repay Asset finance, Invoice discounting Personal guarantees Specialist banks Hard work!
  • 12. Equity investment State agencies The 3 Fs BES / SCS Business Angels Venture Capital Sale / IPO
  • 13. BES Enterprise Ireland approval Tax relief at top rate €2m maximum per company €150k per investor pa 5 year minimum Designated investment funds
  • 14. Seed Capital Scheme (SCS) Part of BES PAYE paid in previous 6 years Max relief of tax on €100k income pa Seek advice
  • 15. Business Angels HALO network Matching process €25k to €250k Skills and experience Leverage
  • 16. Venture Capital Specific sectors Skills and Expertise High growth potential Exit strategy InterTradeIreland website
  • 17. DOs & DON’Ts DO Business Plan Be clear on what € you need Talk to people who can help Customers DON’T Be ill-prepared Chase grants aimlessly