Enterprise Ireland doubles investment in start-ups

State agency invested more than €48m in early stage Irish companies last year

The amount of investment in start-ups by Enterprise Ireland doubled last year

The amount of investment in start-ups by Enterprise Ireland doubled last year

More than €48 million was invested in 125 start-ups by Enterprise Ireland last year, a record amount.

New figures from the State agency show while the number of start-ups supported was largely unchanged, the amount of funding doubled from the €24 million provided by Enterprise Ireland in 2019. This was due to the introduction of the Covid-19 Sustaining Enterprise Fund and an increase in follow-on investments to help so-called high-potential start-ups (HPSU’s) scale internationally.

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