Dáil Éireann Debate, Wednesday - 22 March 2023
53. Deputy Louise O'Reilly asked the Minister for Enterprise, Trade and Employment the capital and current funding allocation for the pre-seed start fund in budget 2023; and if he will make a statement on the matter. [14280/23]
View answerThe Pre-Seed Start Fund is being funded through a capital funding allocation of €8m in 2023.
The purpose of the Pre-Seed Start Fund is to accelerate the growth of early-stage start-up companies that have the capacity and ambition to succeed in global markets. The fund is designed to enable companies cover operational costs to undertake key tasks including the development of a market ready product/solution, product testing in the marketplace, building critical skillsets within the start-up team. The Pre-Seed Fund will support early-stage companies to reach key technical and commercial milestones required to attract future Seed Funding within 6 – 18 months.
