A collaboration 'with a difference' between state support agencies, financial institutions and BES investment companies is taking place during Fingal Enterprise Week at the end of the month, which will see a Pop-Up Bank opening its doors. Aimed at small businesses and entrepreneurs looking for advice around loans, grants, venture capital funds and Business Expansion Scheme investments, the Pop-Up Bank is the brain-child of the Fingal County Enterprise Board.
€42 million Invested in 74 Companies By Irish Venture Capital Firms Supported By Enterprise Ireland in 2010
Feargal Ó Móráin, Director of Corporate and Investment Services at Enterprise Ireland, has today launched the Enterprise Ireland Seed & Venture Capital Programme 2010 Report. Despite a continuing challenging economic climate for business, Irish venture capital firms supported by Enterprise made 105 investments in 74 companies with a value of €42 million in 2010. This represents a significant result, mirroring the strong performance by Irish exporters in 2010 and the increase in the number of innovative start up enterprises supported by Enterprise Ireland during the year.
Two Irish firms have been announced among 42 recently approved beneficiaries of funding under the eco-innovation strand of the Competitiveness & Innovation Programme (CIP) which supports new products, services and processes that use fewer natural resources and produce less waste, emissions and pollutants. Both applications were made as part of the ‘Food and Drink’ section of the 2010 Call for Proposals.
Irish Companies and Researchers Urged to Access €3.2bn European Public-Private Partnership Funding Initiative
Enterprise Ireland has announced that the latest round of funding from the €3.2bn industry-focused initiatives under the EU’s €50bn Framework Programme 7 (FP7) budget will be available to Irish businesses from mid-July. These Public Private Partnership initiatives are aimed at those sectors most affected by the economic downturn, namely manufacturing, construction and automotive. FP7 funding is a European research and innovation fund designed to incentivise businesses and scientists to join forces to collaborate on developing technologies and products of the future.