merrion street

Enterprise Minister Richard Bruton today announced the ten successful companies that have been awarded funding under Enterprise Ireland’s new Internet and Games Competitive Start Fund.

The 10 companies were drawn from over 120 applicants and are involved in a range of areas from games and games engines to consumer services and telecommunications.

Speaking after meeting the companies, Minister Bruton said…

The ingenuity and creativity of young Irish entrepreneurs will drive our recovery. The buzz created by these ten companies expresses great confidence for the future. As a government we are determined to help committed young companies with good ideas to succeed.

Each company will receive a €50,000 investment for a 10% equity share, and the companies will be supported by an experienced business mentor.

Minister Bruton continued…

The Government is fully committed to providing funding for start ups and in a manner that meets their needs. That is what this Enterprise Ireland fund is all about – getting vital start up funding and supports into companies at that critical early stage, when they most need it.

We know that very early stage companies can face difficulties in raising external financing, and we are determined to ensure that there is greater support for them to help them bridge this gap

Minister Bruton spoke with Merrionstreet.ie …