The government of Ireland provides $3.3m for the creation of accelerators outside of Dublin and invites expressions of interest from both Ireland-based and international parties.
Richard Bruton, minister for jobs, enterprise and innovation in the Irish government, has announced a €3m ($3.3m) scheme to increase the number of accelerators outside of the country’s capital Dublin.
The scheme is the first to be launched from the €40m competitive regional jobs fund that was announced earlier this year.
The funding comes from the Department of Jobs, Enterprise and Innovation through Enterprise Ireland, the government organisation responsible for the development and growth of Irish companies in world markets.
The money is expected to leverage another €3m in private sector investment.
An open competitive call has been put out for stakeholders to signal their interest in establishing accelerators. These expressions of interest can be from both Ireland-based and international parties with the capital and expertise.
Bruton said: “A key part of our action plan for jobs is accelerating jobs growth right across the country, and a key part of this is encouraging more start-ups in every region. Startups create two thirds of all new jobs, and if we can support more businesses to start up and more businesses to survive, this will make a major impact on the level of job-creation in each region.”
Julie Sinnamon, chief executive of Enterprise Ireland, said: “This scheme has been specifically designed to meet that challenge and it forms a core part of Enterprise Ireland’s strategic objective of supporting the creation of a greater number of successful start-ups across the country.”