The Minister for Jobs, Enterprise and Innovation, Richard Bruton TD, today announced the initial closing of Fountain Healthcare Partners II, L.P. with €85 million of committed capital. The Department of Jobs, Enterprise and Innovation through Enterprise Ireland has made a €15 million commitment to the Fund with the majority of the balance of funding coming from institutional investors including through the Irish Strategic Investment Fund and the European Investment Fund (EIF).
Irish businesses improved their payment performance by more than five days in the past year, according to the latest insights from ExperianÂ®, the global information services company. Businesses in the Republic of Ireland paid creditor invoices on average 18.66 days beyond invoice terms during April, May and June of 2014, compared with 23.91 days beyond terms during the same period last year. Values since the start of the year have remained relatively consistent, with businesses paying 18.44 days beyond terms in the first quarter of the year, an improvement of 4 days when compared with the final quarter of 2013.
Enterprise Ireland today announced a new €500,000 Competitive Start Fund (CSF) to support start up activity in all sectors. The Fund which provides €50,000 in equity funding for each successful applicant will open for submissions on Wednesday 21st September 2016 and will close at 3pm, Wednesday 5th October 2016.
A new guide to support potential exporters based on the island of Ireland has just been launched. The Export Start Guide is a partnership initiative from Chartered Accountants Ireland and two enterprise development agencies, Enterprise Ireland and Invest Northern Ireland. The Export Start Guide offers comprehensive, practical guidance information for businesses considering new markets and opportunities. Content in the guide includes advice on areas including resources, capacity, evaluating demand, selecting and understanding a market, price expectations and payment, distribution, marketing and export planning.
Are you a budding food entrepreneur? Do you have a big idea for a food business? Could you create a successful and scalable global food business? Food Works, an intensive business development and accelerator programme designed for food and drink start-ups, could be the ideal opportunity for you. Ambitious individuals, with an interest in building an international food or drink business in Ireland, are being sought for participation in Food Works, a programme jointly run by Bord Bia, Enterprise Ireland and Teagasc.