Louise O'Reilly (Dublin Fingal, Sinn Fein)
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52. To ask the Minister for Enterprise, Trade and Employment the capital and current funding allocation for the regional enterprise innovation scoping scheme in 2022 and 2023; and if he will make a statement on the matter. [14279/23]

Neale Richmond (Dublin Rathdown, Fine Gael)
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The Regional Enterprise Innovation Scoping Scheme 2022 (REISS) Scheme was funded through capital funding allocation of €5m in 2022. A request for REISS proposals was advertised on 4th April 2022 with a deadline for submissions by 18^thMay. Full review of the proposals was completed, and 47 successful applicants were announced on 14th July 2022. Email confirmation was provided to all successful applicants on 14^thJuly 2022. The feasibility projects were expected to be completed within 6 months and a final claim date of 18^thNov 2022 was initially highlighted. Enterprise Ireland became aware of the challenges that unforeseen delays have caused projects and an extension to the REISS funding was requested and approved on 8^thSept. This allows the projects to submit a single funding claim up to, and no later than, the 31^stMarch 2023.

47 projects have been approved for a total of €3.5 million in grant support under the Regional Enterprise Innovation Scoping Scheme 2022. Some 15 Projects have been approved for REISS Priming Grants of up to €200,000, while 32 projects have been approved for REISS Feasibility Study grants of up to €50,000.

Louise O'Reilly (Dublin Fingal, Sinn Fein)
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53. To ask the Minister for Enterprise, Trade and Employment the capital and current funding allocation for the pre-seed start fund in budget 2023; and if he will make a statement on the matter. [14280/23]

Neale Richmond (Dublin Rathdown, Fine Gael)
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The Pre-Seed Start Fund is being funded through a capital funding allocation of €8m in 2023.

The purpose of the Pre-Seed Start Fund is to accelerate the growth of early-stage start-up companies that have the capacity and ambition to succeed in global markets. The fund is designed to enable companies cover operational costs to undertake key tasks including the development of a market ready product/solution, product testing in the marketplace, building critical skillsets within the start-up team. The Pre-Seed Fund will support early-stage companies to reach key technical and commercial milestones required to attract future Seed Funding within 6 – 18 months.