New Enterprise Ireland Competitive Start Fund Launched

A new €500,000 Enterprise Ireland Competitive Start Fund (CSF) to stimulate start-up activity in the Financial Technologies (FinTech) sector has been announced by the Minister for Jobs, Enterprise and Innovation, Mary Mitchell O'Connor.

The fund, which is a part of the IFS2020 strategy, provides up to €50,000 in equity support by Enterprise Ireland for each successful applicant.

The new fund – the first of its type targeting the FinTech sector - is open to early stage companies providing technology driven solutions within the Financial Services sector, or to the FinTech/Financial Services sectors as an end market.

Launching the fund Minister Mary Mitchell O’Connor said: "A key part of the Government’s Action Plan for Jobs is targeting sectors where we have established strengths, and supporting growth and expansion in those areas in order to create jobs. Ireland is recognised as a key hub for FinTech innovation and this new fund will make a real contribution to supporting more start-ups and ultimately more jobs in Ireland".

Brett Meyers, CEO of CurrencyFair commented: "FinTech is one of the hottest sectors in terms of both innovation and growth. CurrencyFair, with the support of Enterprise Ireland, continues to evolve banking to be fairer and more transparent ultimately giving customers a better experience. This fund will go a long way in making sure more companies like CurrencyFair can emerge to continue to disrupt and improve financial services".

The FinTech CSF is open to companies in Payments, Banking, RegTech, Security, and InsurTech and FinTech solutions that leverage the following technologies: Blockchain, IoT, AI and Data Intelligence. The fund opens for applications on Wednesday, 1 June and closes at 3pm on Wednesday, 15 June.


Related Irish News Stories
Click here for the latest headlines.

17 September 2010
Jobs 'Hedged' In Dublin Move
An American firm is to create 50 jobs in hedge fund administration in Dublin. The Minister for Enterprise, Trade and Innovation, Batt O'Keeffe announced the new jobs in a financial services software firm that will be created over the next five years.
03 December 2019
Future Of Ireland To Be Decided In Ireland, Not Westminster - SF
The future of Ireland will be decided on the island of Ireland, not at Westminster, Sinn Féin President Mary Lou McDonald has said.
10 April 2014
Enterprise Ireland Launches Competitive Start Fund
Minister for Jobs, Enterprise and Innovation, Richard Bruton TD, today launched a €500,000 Enterprise Ireland Competitive Start Fund targeted at stimulating new start-up business activity in both the Aviation and Manufacturing sectors.
01 July 2013
Enterprise Ireland €375K Competitive Feasibility Fund Launches
The Minister for Jobs, Enterprise and Innovation, Richard Bruton TD, today launched the new Enterprise Ireland €375K Competitive Feasibility Fund. The fund is aimed at stimulating new start-ups, or expansion of existing business activity in the aviation sector.
09 October 2009
Public Pay Is 26% Higher Than Private
The Economic and Social Research Institute claims there is a pay gap between workers in the public and private sector approaching 26%. The figures coincide with rumblings from the Government that Public Sector pay will be cut in December's Budget.