€200k fund for Louth start-up companies

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A €200k fund to stimulate new start-up activity in the north east region including Louth was announced last week by Minister for Business and Employment Gerald Nash.

A €200k fund to stimulate new start-up activity in the north east region including Louth was announced last week by Minister for Business and Employment Gerald Nash.

The Louth TD announced the establishment by Enterprise Ireland of a €200K Competitive Feasibility Fund aimed at stimulating start ups and creating jobs and growth in Louth, Cavan and Monaghan. Funding of up to €25,000 per project will be available under this initiative.

“This Fund is directed at helping an individual entrepreneur or new start-up company to develop a high growth indigenous business that will create the jobs of the future we desire in the north east region,” said Minister Nash.

“I urge people across the counties of Louth, Cavan and Monaghan who have an idea with strong job-creation potential to apply and compete for the funds available.

“In this way we can create high-growth, job-creating businesses in the region”.

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 application forms will be available on the Enterprise Ireland website, www.enterprise-ireland.com/nef, from 7 October.