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Competitive Start Fund (CSF) - Enterprise Ireland

enterprise-ireland.com

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Re: Competitive Start Fund (CSF) - Enterprise Ireland

#5

Post by dclaysmith »

Dublin is a great place to live and good place for tech companies. I recently had to hire a developer and got plenty of good resumes and was really happy with the eventual hire. Google, PayPal, Facebook are here and loads of online gaming/gambling companies too.

Plus you can't beat the Guiness.

That being said, I'd say that if you aren't already in Ireland--the funding above would probably not be an option. Getting a visa is not a trivial matter (especially without an actual employer) and Enterprise Ireland will make you jump through alot of hoops for that money. Pretty great idea tho'--Ireland needs programs like that to get the economy back on track.

Re: Competitive Start Fund (CSF) - Enterprise Ireland

#6

Post by Kudos »

robryan wrote: post #3

"Must be capable of creating 10 jobs in Ireland and realising sales of €1m within 3 to 4 years of starting up." They are asking a fair bit, what do they do, kick you out of Ireland if your not quickly successful?

I would imagine that they expect your business plan and projections to be able to satisfy these criteria.

If you're already eligible to work in Ireland (a requirement of the grant), I'm pretty sure the Department of Enterprise doesn't have the power to deport people ;)

Re: Competitive Start Fund (CSF) - Enterprise Ireland

#7

Post by dclaysmith »

robryan wrote: post #3

"Must be capable of creating 10 jobs in Ireland and realising sales of €1m within 3 to 4 years of starting up." They are asking a fair bit, what do they do, kick you out of Ireland if your not quickly successful?

You have to pay the money back--with interest of course. ;)

No, I think that's more a guideline for selection--they aren't looking to fund lifestyle businesses. This is a government run fund and is meant to provide a boost to the economy.

Re: Competitive Start Fund (CSF) - Enterprise Ireland

#8

Post by robryan »

Kudos wrote: post #6
robryan wrote: post #3

"Must be capable of creating 10 jobs in Ireland and realising sales of €1m within 3 to 4 years of starting up." They are asking a fair bit, what do they do, kick you out of Ireland if your not quickly successful?

I would imagine that they expect your business plan and projections to be able to satisfy these criteria. If you're already eligible to work in Ireland (a requirement of the grant), I'm pretty sure the Department of Enterprise doesn't have the power to deport people ;)

Pretty sure from what I read the American startup visa was tied to your business continuing to run. Thought this may be a similar type of thing, guess this into tied to visa requirements though.

Re: Competitive Start Fund (CSF) - Enterprise Ireland

#10

Post by beilabs »

Shocking to hear about this from Hacker News. I'm an Irish citizen living in Oz, with a startup (www.dealpinch.com), and this is the first I've heard about it.

One thing strike me straight away. The only reason I would accept equity would be for contacts and expertise. This program does not offer it, but it is a start!

Ireland is in a bad state right now, it's recovering from an inept government and crazy policy when it came to small startups. This will go a long way to starting up jobs in the country, they need to go much further.

The country has the talent to make an impact on the world stage, we have a highly educated, motivated workforce. It is exceptionally difficult for any startup to get a loan from the banks in Ireland right now.

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