Written answers

Monday, 11 September 2023

Department of Enterprise, Trade and Employment

Departmental Data

Photo of Louise O'ReillyLouise O'Reilly (Dublin Fingal, Sinn Fein)
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583. To ask the Minister for Enterprise, Trade and Employment to provide the data relating to the share of Government enterprise financial support, funding and investment (direct and indirect) awarded to women-only founder companies, men-only founder companies, and mixed founders men-and-women companies; for a breakdown in relation to Enterprise Ireland's HPSU, Enterprise Ireland's Pre Seed Start Fund (formerly CSF), New Frontiers Programme, NDRC Accelerator, other Government VC investments (often indirect via Enterprise Ireland), and the Ireland Strategic Investment Fund (ISIF), for the period between 2017 and 2022; and for all information to be provided in tabular form. [39009/23]

Photo of Louise O'ReillyLouise O'Reilly (Dublin Fingal, Sinn Fein)
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584. To ask the Minister for Enterprise, Trade and Employment to provide the number of company applicants for each support (Enterprise Ireland's HPSU, Enterprise Ireland's Pre Seed Start Fund (formerly CSF), New Frontiers Programme, NDRC Accelerator, other Government VC investments (often indirect via Enterprise Ireland), the Ireland Strategic Investment Fund (ISIF)), broken into women-only founder companies, men-only founder companies, and mixed founders men-and-women companies, for the period between 2017 and 2022; and for all information to be provided in tabular form. [39010/23]

Photo of Louise O'ReillyLouise O'Reilly (Dublin Fingal, Sinn Fein)
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585. To ask the Minister for Enterprise, Trade and Employment the number of companies which were awarded funding, broken down into women-only founder companies, men-only founder companies, and mixed founders men-and-women companies, for each support (Enterprise Ireland's HPSU, Enterprise Ireland's Pre Seed Start Fund (formerly CSF), New Frontiers Programme, NDRC Accelerator, other Government VC investments (often indirect via Enterprise Ireland), and the Ireland Strategic Investment Fund (ISIF)), for the period between 2017 and 2022; and for all information to be provided in tabular form. [39011/23]

Photo of Louise O'ReillyLouise O'Reilly (Dublin Fingal, Sinn Fein)
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586. To ask the Minister for Enterprise, Trade and Employment to confirm the total euro value awarded to companies directly and indirectly through each support (Enterprise Ireland's HPSU, Enterprise Ireland's Pre Seed Start Fund (formerly CSF), New Frontiers Programme, NDRC Accelerator, other Government VC investments (often indirect via Enterprise Ireland), and the Ireland Strategic Investment Fund (ISIF)), broken down into women-only founder companies, men-only founder companies, and mixed founders men-and-women companies, for the period between 2017 and 2022; and for all information to be provided in tabular form. [39012/23]

Photo of Simon CoveneySimon Coveney (Cork South Central, Fine Gael)
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I propose to take Questions Nos. 583 to 586, inclusive, together.

Enterprise Ireland (EI), an agency of my Department, manages a range of programmes that provide support to new and growing companies. These programmes include New Frontiers, High Potential Start Ups, Pre-Seed Start Fund (formerly Competitive Start Fund) and Venture Capital (VC) support.

While EI compiles data on these programmes, the information requested in these questions is not in line with the manner in which the data is recorded – for example data on mixed founders is not readily available, nor are the details on the number of applications for all programmes. In addition, data on the number of approaches to venture fund managers is not available, as companies would typically approach multiple VC funds, both formally and informally.

Information has therefore been supplied in the tables below based on the data currently recorded by EI.

I would also note that the NDRC Accelerator and the Ireland Strategic Investment Fund (ISIF) do not fall under the remit of my Department and therefore data on these funding programmes cannot be provided.

I have broken down the request of these PQs across the various programmes on which information was sought. In relation to female founded companies, it is noted that EI count funding for female-led companies as those that hold a shareholding of 25% of greater in a company.

1 Venture Capital Investments

Of the EI allocation of €185 million to funds since 2017, 70% of the capital has been allocated to fund management teams with female decision makers.

Between 2017-2022, 337 Irish companies have been supported by EI supported venture funds at a value of €670 million, of these 53 (at a value of €122 million) were female founded/led businesses.

Over the period 2017-2022 there were a total of 1,110 investment rounds into Irish companies (including multiple into individual companies), of these 224 were to female founded/lead businesses.

2New Frontiers Programme Phases 2-3

Female 2017 2018 2019 2020 2021 2022
No. of Successful Applicants P2 47 46 60 60 41 58
Euro Value €705,000 €690,000 €900,000 €900,000 €615,000 €870,000
No. of Successful Applicants P3 N/A N/A 0 13 11 3
Euro Value N/A N/A 0 €97,500 €82,500 €22,500
Male 2017 2018 2019 2020 2021 2022
No. of Successful Applicants P2 122 126 108 99 117 98
Euro Value €1,830,000 €1,890,000 €1,620,000 €1,485,000 €1,755,000 €1,470,000
No. of Successful Applicants P3 N/A N/A 2 25 17 5
Euro Value N/A N/A €15,000 €187,500 €127,500 €37,500
Total 2017 2018 2019 2020 2021 2022
No. of Successful Applicants P2 169 172 168 159 158 156
Euro Value €2,535,000 €2,580,000 €2,520,000 €2,385,000 €2,370,000 €2,340,000
No. of Successful Applicants P3 N/A N/A 2 38 28 8
Euro Value N/A N/A €15,000 €285,000 €210,000 €60,000

3 High Potential Start Up (HPSU) programme

Female 2017 2018 2019 2020 2021 2022
No. of Successful Applicants 25 18 19 19 24 34
Male 2017 2018 2019 2020 2021 2022
No. of Successful Applicants 65 64 72 61 58 57
Combined 2017 2018 2019 2020 2021 2022
No. of Successful Applicants 90 82 91 80 82 91
Euro Value €21,774,055 €20,956,256 €21,382,304 €19,311,900 €18,823,000 €22,263,000

4 Competitive Start Fund (CSF)

It should be noted that the Competitive Start Fund (CSF) ceased in early 2022, while the Pre-Seed Start Fund (PSSF) commenced in late 2022, which is the reason for 2022 figures only for PSSF.

Female 2017 2018 2019 2020 2021 2022
No. of CSF Calls 8 9 4 3 4 1
No. of Applicants 135 113 101 23
No. of Successful Applicants 41 12 22 20 16 5
Euro Value €2,050,000 €600,000 €1,100,000 €1,000,000 €800,000 €250,000
Male 2017 2018 2019 2020 2021 2022
No. of CSF Calls 7 3 2 3 1
No. of Applicants 158 165 164 40
No. of Successful Applicants 50 44 14 26 27 11
Euro Value €2,500,000 €2,200,000 €700,000 €1,300,000 €1,350,000 €550,000
Combined 2017 2018 2019 2020 2021 2022
No. of CSF Calls 8 9 4 3 4 1
No. of Applicants 766 406 239 278 265 63
No. of Successful Applicants 91 56 36 46 43 16
Euro Value €4,550,000 €2,800,000 €1,800,000 €2,300,000 €2,150,000 €800,000
5 Pre-Seed Start Fund (PSSF)
Female 2022 Male 2022 Combined 2022
No. of Applicants 28 No. of Applicants 126 No. of Applicants 154
No. of Unique Applicants N/A No. of Unique Applicants N/A No. of Unique Applicants N/A
No. of Successful Applicants 15 No. of Successful Applicants 29 No. of Successful Applicants 44
Euro Value €1,350,000 Euro Value €2,25,0000 Euro Value €3,600,000

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