Bid to attract entrepreneurs back with €10m fund

THE Government wants to encourage entrepreneurs back to Ireland by investing in their companies.

A €10 million start-up fund — administered by Enterprise Ireland — will be open to company promoters worldwide, but will target those who have previously worked or studied in Ireland and are now living abroad.

Key target sectors include internet, cloud computing, and medtech. The fund will be aimed at investor-ready projects seeking between €200,000 and €500,000. Funding will be in the form of an equity stake taken by the state.