Written answers

Tuesday, 8 December 2020

Department of Trade, Enterprise and Employment

Enterprise Ireland

Photo of Christopher O'SullivanChristopher O'Sullivan (Cork South West, Fianna Fail)
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97. To ask the Minister for Trade, Enterprise and Employment the number of manufacturing start-ups compared to IT companies which have been issued Enterprise Ireland grants; and if he will make a statement on the matter. [41726/20]

Photo of Leo VaradkarLeo Varadkar (Dublin West, Fine Gael)
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My Department, working through our agency Enterprise Ireland, supports companies throughout the country to start, scale and succeed in international markets. To support companies start, a range of financial and non-financial supports are available through Enterprise Ireland, including:

- Enterprise Ireland’sNew Frontiers Development Programme, the national entrepreneur development programme for early-stage startups, is run in partnership with 14 Institutes of Technology throughout the country;

- Enterprise Ireland Competitive Start Fund which supports early stage business investments of up to €50,000; and

- Enterprise Ireland’s equity support for high potential start-ups, companies with the potential to develop an innovative product or service for sale in international markets and the potential to create 10 jobs and €1m in sales within 3 to 4 years of starting up.

The table below presents the number of High Potential Start-Ups together with the number of Competitive Start Funds, for the period 2015 -2019, broken down by ICT and International Services and Manufacturing.

2015 -2019 ICT and International Services Manufacturing (food and industrial)
HSPU 299 154
Competitive Start Fund 226 262

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