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Start-ups well supported across West
The Department of Enterprise Trade and Employment – working with Enterprise Ireland

The Department of Enterprise Trade and Employment – working with Enterprise Ireland – invested €27 million in Irish start-ups and supported a total of 161 start-up companies in 2022, with 14 of them in the West.

Investment was provided through Enterprise Ireland’s programmes – High Potential Start-Up (HPSU), Competitive Start Fund (CSF) and Pre-Seed Start Fund.

Start-ups supported by Enterprise Ireland in 2022 included 91 High Potential Start-Up (HPSU) investments – start-up businesses with the potential to create 10 jobs and €1 million in sales within three years of starting up – as well as 44 Pre-Seed Start Fund investments, which inject critical early-stage funding into new businesses.

Exactly half of the companies supported were outside Dublin, and 58 women-led start-up companies were approved investment.

A total of 600 delegates attended the Enterprise Ireland Start-Up Showcase recently in the RDS which brings together the ‘Class of 2022’ Start-Up companies and the wider Start-Up ecosystem including investors, State agencies and Start-Up accelerators.

In addition, and for the first time, the event also played host to technology-based companies who have their roots in state-funded research. In 2022, 24 companies were spun out of third level institutions, supported through the Enterprise Ireland Commercialisation Fund Programme.

Speaking at Enterprise Ireland’s Start-Up Showcase event in the RDS, Minister of State for Trade Promotion, Digital and Company Regulation, Dara Calleary, congratulated the start-up class of 2022 ‘for their achievements to date and for having the ambition to take the brave leap to start a new business’.

For more, read this week’s Connacht Tribune.

Connacht Tribune Digital Edition App

Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper.

Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

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Get the Connacht Tribune Live app
The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

 

For more, read this week’s Connacht Tribune:

Connacht Tribune Digital Edition App

Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

Or purchase the Digital Edition for PC, Mac or Laptop from Pagesuite HERE.

Get the Connacht Tribune Live app

The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

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