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Competitive Feasibility Fund now open
If you are an individual entrepreneur or an early-stage company with a new business ìdea, then you may be eligible for feasiblity support of up to €25,000.

Entrepreneurs in Laois, Longford, Offaly, Westmeath, Kildare, Meath and Wicklow who want to tranform their ideas into ambitious new companies can apply to the Competitive Feasibility Fund for the Midlands region which is now open and closes on Monday 25 January at 3pm.

The objective of the Competitive Feasibility Fund for the Midlands and Mid-East Region is to assist new start-up entrepreneurs or early stage companies to investigate the viability of new growth orientated business propositions which have the potential to become a high potential start-up company in counties Laois, Longford, Offaly, Westmeath, Kildare, Meath and Wicklow. 

These are companies that can develop scalable innovative technologies, products or services for sale on world markets.  Enterprise Ireland is seeking, through a Feasibility Grant, to support projects that are likely to achieve significant growth within three to four years (sales of €1m+ per annum and employment of 10 or more) or, where a company is required to have FDA or CE approval, to have €1m+ in sales within three years of approval to sell.

The purpose of the Feasibility Grant is to enable the Applicant, and Enterprise Ireland, to reach firm conclusions regarding the project's viability and set out an investor ready business plan and financials associated with developing and commercialising the product or service on international markets.

The Fund is open to individuals, early-stage companies or prospective businesses involved in manufacturing and internationally traded services, including sectors such as Internet, Games, Apps, Cloud Computing, Enterprise Software, Lifesciences, Food, Beverages, Consumer Products, Industrial Products, Engineering, Medical Devices and e-Health.

The total fund size is up to €200,000 and the maximum grant available is €25,000.  The grant is calculated at a maximum of 50% of eligible expenditure of up to €50,000 incurred by the successful Applicant. 

Eligible applications for funding will be considered on a competitive basis – more details are available at www.enterprise-ireland.com/cffmidlands



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