Enterprise Ireland funds 15 software start-ups

DEVELOPERS of supports for travel, games, education and hotel bookings are among 15 new firms awarded funding under Enterprise Ireland’s Competitive Start Fund for software start-ups.

Under the terms of the fund, start-ups receive an equity investment of up to €50,000 for a 10% ordinary equity stake. The fund gives critical financial support into early stage companies to explore the market fit for their services and move swiftly to market launch.

Minister for Enterprise Richard Bruton said: “If we are to get out of this crisis, we must work hard to create an indigenous engine of growth. Our industrial policy must not just be aimed at attracting the next Google or Microsoft to Ireland. We must create the next Google or Microsoft here.