€200k Competitive Feasibility Fund Launched


The Minister for Small Business, Mr John Perry TD, announced the establishment by Enterprise Ireland of a €200K Competitive Feasibility Fund aimed at stimulating start ups and creating jobs and growth in the North West Region (Counties Leitrim, Sligo and Donegal).  Funding of up to €25,000 per project will be available under this initiative.  The objective of the Competitive Feasibility Fund for the North West Region is to assist a new start-up company or individual entrepreneur to investigate the viability of a new significant growth orientated business or proposition to be located in the North West Region.  The objective of the grant is to provide the necessary information to enable the promoter (and Enterprise Ireland ) to reach firm conclusions regarding the project’s viability and set out investor ready plans and financials associated with developing and commercialising the innovative product or service on international markets. The fund is open to applications from the ICT, Industrial, and Food sectors including the following sub-sectors: Internet, Games, SaaS, Cloud Computing, Enterprise Software, Telecoms, Lifesciences, Cleantech, and Industrial Products. Full details of the Fund including the Application Form are available on the Enterprise Ireland web site: www.enterprise-ireland.com/nwf

The closing date for applications is Friday 22 June 2012.