Starting and developing your own business – How Enterprise Ireland can help - Tyndall Innovation Forum - 25 th May 2006 What I will cover … Types of Businesses Enterprise Ireland supports Type of support that is available Some critical success factors
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Starting and developing your own business – How Enterprise Ireland can help -
Tyndall Innovation Forum - 25th May 2006
- HIGH POTENTIAL START UP BUSINESSES -
What is a ‘High potential start-up’ business ?
A wide range of people …
- The majority of original promoters of start up companies EI supports have technical background / qualifications
Where do entrepreneurs typically come from?
1999 – Dec 2005
Key sources of HPSUs – all sectors
Business Innovation Centres
3. EI funding for HPSU’s:
Funding to ‘explore new opportunities’
- Small grants – up to €65k
RTI – grants and repayable grants
Other EI supported funding sources:
Enterprise Ireland Space
Proof of Concept
Basic Research / Scholarships
Basic Research Infrastructure
Where EI fits in the Research Support System
-RTI Scheme- Support towards company led R&D. Up to €650k in support.
-Innovation Partnerships - supporting R&D collaboration between colleges and companies. Assistance from 35% to 75% to max of €190k.
-Intellectual Property Assistance Scheme - advice on the protection, development and commercialisation of patentable technology. Some financial assistance may be available.
-Innovation Management - Training in R&D and Technology Management (70% grant aid)
-R&D Awareness Initiative – 3 days consultancy for companies looking at first time R&D.
-Fusion - Intertrade Ireland scheme offering funding for a technology graduate for 18 months
4. Other EI Supported Infrastructure
Example of Possible EI early stage Start Up Support
Volume and impact
HPSU review 1989 - 2004:
Status of EI client companies in 2004
Delta Off Site Solutions
1 2 Travel
Ecom interaction Services
1Customer knowledge and focus & Building a strategic alliance.
- Trust and commitment
- Understanding the value chain of the customer and where the product fits
- Understanding the customer purchasing process in detail and sign off
2Product offering based on clear technological advantage.
3Strong, experienced management team.
4Experienced sales and marketing professional in the team.
5Well funded or with access to strategic funding from the outset.
Talk to US …….
Telephone : Maria Walshe 01 - 6092127