At his annual starting conference in Dublin today, Enterprise Ireland announced that he invested 27.6 million euros in 157 new Irish companies last year.
As more than 600 people gathered at the Aviva Stadium in Dublin today (May 7), including the class of the companies of 24 ‘of Enterprise Ireland (EI), the state agency announced its results of 2024 and reiterated its ambitious plan to support 1,000 new new companies for five years from 2025 to 2029.
Team Silicon Republic was there and we will have a special report tomorrow, which will include the winners of the launch competition that will take place today and will have the main companies of the companies of the University of the EI Marketing Fund. The winner will receive an award that includes the opportunity to participate in the UC Berkeley Risk Connectivity Program.
The investment of 27.6 million euros last year was provided through high -potential high -start programs (HPSU) and Start Fund (PSSF) of Enterprise Ireland.
This included 90 HPSUS with the potential to create 10 jobs and 1 million euros in sales within three years, 13 or that came out of third level institutions. In total, 25 companies were expelled from third level institutions.
He also made 69 PSSF investments, which injecting funds in the initial stage into new businesses.
And some 34 companies received support from the Egg Marketing Founder Program.
Last year was the last year of the three -year strategy of eggs 2022-2024, and its new 2025-2029 strategy, ‘deliver for Ireland, leading worldwide, is undoubtedly ambitious, since it aims to support 1,000 new new companies.
“A key objective in our new strategy is to accelerate sustainable Irish businesses, so that export to Irish companies will become the main driver of the Irish economy,” said Kevin Sherry, an interim CEO of EI.
“As part of our plan, Enterprise Ireland is carrying out a consultation process dedicated to getting involved with the starting ecosystem on the support available for companies in an initial stage in Ireland. This aims to strengthen our pipeline of companies in early stages with the potential to climb internationally, promoting Ireland’s position as a world leader in businessmen and innovation.”
The opening of the EI start day, the Minister of Business, Tourism and Employment, Peter Burke, TD, said that the Irish government will continue, through the Ireland company, to provide financing, tutoring, market access and personalized programs.
“New companies are critical for our economic future, our global reputation and our social progress and we continue to completely commit an environment where innovation flourishes and where each entrepreneur has the necessary tools to prosper and season.”
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