Denis Naughten (Roscommon-Galway, Independent)
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78. To ask the Minister for Trade, Enterprise and Employment the funds received by a company (details supplied) from the enterprise agencies under his remit in 2019 and to date in 2020; and if he will make a statement on the matter. [17421/20]

Leo Varadkar (Dublin West, Fine Gael)
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Enterprise Ireland is an agency of my Department with responsibility for the development and growth of Irish enterprises in world markets. It provides a particular suite of supports aimed at developing High Potential Start-Up (HPSU) Companies with the potential to develop an innovative product or service for sale on international markets and the potential to create 10 jobs and €1m in sales within 3 years of starting up.

Xerotech is an Enterprise Ireland HPSU client company and is an exciting new electric vehicle battery technology company in Galway. The core technology underpinning Xerotech’s products is a thermal management system for batteries in electrical vehicles and other sectors utilising rechargeable Li-Ion battery packs, such as robotics.

Enterprise Ireland has paid €518,035 to Xerotech Ltd in 2019 and in 2020 to date.