August 19, 2018
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Start-ups given €31m helping hand

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A third of the 181 companies given invesment are led by womenGETTY IMAGES

Enterprise Ireland invested a total of €31 million in Irish start-ups last year as the government sought to boost the indigenous business sector.

The state agency ploughed tens of millions of euro into a total of 181 start-ups, more than half of which were based outside Dublin.

The funding was split between 90 high-potential companies and 91 companies which received funding under the agency’s competitive start funds.

Joe Healy, manager of Enterprise Ireland’s high-potential start-up division, said all the entrepreneurs supported over the past 12 months had the potential to “scale and expand” into international markets in the coming years.

Enterprise Ireland has made additional funding available to support clients to scale up or enter new markets, including through research grants and management development training.

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