Competitive Start Fund - Marine & Agritech - Call opens 10th July

The purpose of the Competitive Start Fund is to accelerate the growth of start-up companies that have the capacity to succeed in global markets. The fund is designed to enable those companies to reach key technical and commercial milestones. 

Applicants to the fund should ideally be able to demonstrate the following:

  • Be able to clearly demonstrate that product or service has reached MVP stage, and that the product is, at a minimum, live in beta.
  • That the product or service has demonstrable customer validation with (trial and/or paying) customers.
  • A fully articulated proposition addressing a clear gap in the market with market research conducted with customers/potential customers.
  • Evidence of innovation, export potential and employment capacity. Clear market opportunity for the proposed product or service. Clear knowledge of the competitive landscape.
  • Clear execution plan outlined, identifying suitable channels to international markets.

Assessments are undertaken on the applications submitted, it is important to note that the greater the progress the applicant has undertaken towards generating sustainable revenues the stronger the application. Applications from projects that are at idea, concept or design stage may be considered to require further development before applying for the competitive start fund.

If successful in progressing to pitch, the applicant may be required to supply contacts of (trial and/or paying) customers prior to any Enterprise Ireland investment completing as part of our due diligence process.

This call for applications focuses on the Marine & Agtech Sectors and is open to applications active in these sectors including the following sub sectors:

Marine Sector: boat and infrastructure building, marine renewable energy, bio-pharma opportunities, sensors and IOT applications, financial services associated with the sector, components, composite repair, parts manufacture, marine services, other engineering and technical activities.
Agtech Sector: Individual technologies or a combination of technologies related to farm equipment, weather, seed optimization, fertilizer and crop inputs, irrigation, remote sensing (including drones), farm management, and agricultural big data.
All applications to the fund must be made via the Enterprise Ireland Online Application System.

Completed application forms must be submitted through the Enterprise Ireland Online Application System by Tuesday 24th July, 2018 at 3pm.
A Video Pitch must be submitted on the Sonru.com platform by 11:59pm on Tuesday 24th July, 2018 (when you commence the application form, an email regarding the video pitch will be sent to you separately).
A valid application must contain both a video pitch and complete application form.

Successful overseas applicants will be required to move to Ireland. Enterprise Ireland will assist entrepreneurs who need a visa to live and work here. Successful applicants from outside the EU will be eligible for a Startup Entrepreneur Visa which permits the holder and his/her family members to reside and work in Ireland - see details here for rules of the scheme. The €50k investment from Enterprise Ireland will fulfill the funding requirements of the visa. Advice and assistance on this is available from the help desk.

To Find out more from Enterprise Ireland

Call open: Tuesday 10th July, 2018
Call close: Tuesday 24th July, 2018

 

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