Additional €55 mallocated for start-ups

THE Government has announced the provision of an additional €55m to help innovative start-up companies get off the ground.

Enterprise Minister Batt O’Keeffe said that the extra resources would enable the number of high-potential start-up (HPSU) firms the Government supports to reach 100 within six years.

He said last year Enterprise Ireland supported 73 HPSUs, with the same number forecast for this year. Enterprise Ireland’s annual budget for the HPSUs is €22m.