€600k for firms led by women

Enterprise Ireland is to invest €600,000 in 12 female-led businesses, as part of the Government’s bid to boost the number of women entrepreneurs.

The investment will be made via the agency’s Competitive Start Fund for Female Entrepreneurs and will cover firms in the consumer products, medical devices, e-health, online applications, traded services and enterprise software sectors.

“A key part of the Government’s Action Plan for Jobs is encouraging more businesses to start-up, grow, and create jobs. Making sure that we have an increase in the number of female-led start-ups is part of that strategy,” Small Business Minister John Perry said.

EI saw a 100% rise in the number of female-led high-potential start-ups last year. Aiming to consolidate this, the agency has launched a new online networking initiative.

The agency’s CEO, Julie Sinnamon, said the new programme will support female entrepreneurs in winning business abroad.

In a positive day for entrepreneurial funding news, computer giant Dell yesterday officially launched its first Ireland-based Centre for Entrepreneurs, with a €10m fund available to support technology-focused start-up firms. The programme — to be managed by the company’s Irish-based Dell Financial Services unit — will provide Irish tech start-ups access to funding, mentoring and Dell’s technical expertise and infrastructure in order to help them achieve rapid growth.

“We’re looking to attract start-up businesses with a technology focus. Through the programme we’ll hopefully be able to help them fast track their route to the market place. Ireland has large numbers of entrepreneurs, we hope that through our investment in this programme we can act as a catalyst to growth for these companies and help them to scale and go global at a pace that wouldn’t otherwise be possible,” said Dell EMEA region president Aongus Hegarty.


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