Seed and Venture Capital Scheme
Summary
Enterprise Ireland's Seed and Venture Capital Scheme (SVP) aims to bolster Ireland's venture capital sector by providing funding for early-stage companies. It supports businesses with high growth potential, offering significant investment opportunities. The key requirement is that the company must be innovative and scalable, with the potential for significant market impact.
Eligibility Criteria
* **Entity Type:** Startups and SMEs. * **Geography:** Primarily focused on companies operating in or planning to operate in Ireland. * **Sector:** Technology and innovation-driven sectors. * **Team Size:** Not explicitly stated, but implied to be growing teams. * **Revenue Limits:** Not explicitly stated, but focused on early-stage and growth-stage companies. * **TRL Level:** Not explicitly stated, but implied to be innovative and beyond initial concept.
How to Apply
1. **Visit the Enterprise Ireland Website:** Navigate to the Seed and Venture Capital Scheme section on the Enterprise Ireland website. 2. **Review Scheme Details:** Thoroughly understand the scheme's objectives, eligibility criteria, and application process. 3. **Contact Approved Venture Capital Funds:** The scheme operates through approved venture capital funds. Founders should identify and approach these funds directly. 4. **Prepare a Business Plan:** Develop a comprehensive business plan, including financial projections, market analysis, and details on the innovation and scalability of the business. 5. **Submit Investment Proposal:** Present your proposal to the chosen venture capital fund(s) for consideration. 6. **Due Diligence and Negotiation:** If successful, the fund will conduct due diligence, followed by negotiation of investment terms.