Seed funding in Ireland gets €10m boost from Government
Venture capital firms are invited to apply to the expanded Seed and Venture Capital Scheme from Enterprise Ireland to support early-stage businesses. Additional funding is now available to support seed investment in Ireland, particularly for early-stage start-ups impacted by Covid-19. The Enterprise Ireland Seed and Venture Capital Scheme has an added €10m available for venture capital firms to invest in portfolio companies hit hardest by the pandemic. The Government’s objective of preparing the Irish economy for the future included a commitment to increase seed and venture capital funding “for innovation-driving enterprises”. The shortage of funding for early-stage start-ups was also highlighted in a recent Tech Ireland report looking at start-up funding in the first half of the year.