Pádraig Mac Lochlainn (Donegal, Sinn Fein)
Link to this: Individually | In context

464. To ask the Minister for Enterprise, Trade and Employment if a business (details supplied) is eligible to make an application for pre-seed start fund; and if he will make a statement on the matter. [29878/25]

Alan Dillon (Mayo, Fine Gael)
Link to this: Individually | In context

The Pre-Seed Start Fund (PSSF) has been designed to serve as a valuable and effective support mechanism for high-growth early-stage start-up firms and entrepreneurs operating in the manufacturing and internationally traded services sectors. It specifically aims to foster innovation and encourage the growth of innovative businesses.

Early-stage companies in the Manufacturing or Internationally Traded Services companies are eligible to apply for the Pre-Seed Start Fund (PSSF) and the business in question would fulfil this criteria.

Companies that are existing or potential clients of Enterprise Ireland’s High Potential Start-Up (HPSU) Unit, as this company would be, are eligible to apply. While a company does not need to be an existing Enterprise Ireland client to apply, it is recommended that they consult with a Client Advisor or Local Enterprise Office.

In order to be considered for funding, it is advisable that companies demonstrate progress in the following areas:

• Development of a Minimum Viable Product (MVP) or a product that is currently live in Beta;
• Evidence of early customer validation;
• A validated customer proposition, supported by appropriate market research;
• A clear and actionable execution plan, including defined milestones;
• Demonstrated potential for innovation, international market reach, and employment creation.