Funding


6
Apr 14

Irish Social Entrepreneurs Offered €600,000

An awards programme worth €600,000 to find new social entrepreneurs in Ireland is open for applications.

Social Entrepreneurs Ireland is offering €420,000 in cash and €180,000 in kind for social entrepreneurs who have innovative ideas and solutions to Ireland’s social and environmental programmes.

The awards will be provided under two programmes – Impact and Elevator. With €100,000 in funding, the Impact Programme acts as a substantial source of capital for the projects it supports. In addition to this funding, Impact Awardees will receive direct support from the Social Entrepreneurs Ireland team valued in excess of €40,000.

The Elevator Programme provides €20,000 in direct funding. In addition to this funding, Elevator Awardees will receive direct support from the Social Entrepreneurs Ireland team valued at more than €10,000.

The organisers envisage up to three awards in the Impact category and 4-6 awards in the Elevator category.

Two further information sessions will be held in Longford on the April 7th and Belfast, 15th  April.

The deadline for applications is 28 April 2014 and can be made online at Social Entrepreneurs Ireland.

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12
Dec 13

Firms Urged to Take Advantage as EU Offers €80bn for Research.

Irish EU Commissioner Maire Geoghegan-Quinn and Denmark's Minister for Education Morten Oestergaard at 'Horizon 2020'BUSINESSES are being urged to take advantage of a huge new EU funding programme which opens today, making billions of euro available to Irish researchers and companies at no cost to the taxpayer.

The programme, called Horizon 2020, will distribute €80bn over seven years to European research projects. It is 30pc larger than its predecessor, FP7.

Ireland played a key role in securing the Horizon2020, as political agreement was agreed under the Irish presidency in June this year.

The funding comes mostly in the form of straightforward grants, not loans. Unlike Enterprise Ireland, the funding is not limited to export-orientated companies, and carries looser eligibility criteria than Science Foundation Ireland grants.

The Government has doubled its targets for how much Ireland should receive in comparison to the last programme. Some 400 projects won nearly €600m from FP7 — recipients included Intel, IBM and Hewlett Packard, as well as a host of smaller businesses and academics — but the State is now targeting €1.25bn worth of awards. The funding favours partnerships between multiple companies and academics, particularly partnerships across several EU countries. Trade body Enterprise Ireland, which is responsible for supporting Irish applicants, will help interested companies find suitable partners.

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12
Dec 13

€1.25bn Research Funding Targeted

Horizon 2020 has been called Ireland’s billion-euro opportunity.

More than 2,000 scientists and researchers have attended the Irish launch of the EU’s seven-year scientific research and innovation fund.

European Commissioner for Research, Innovation and Science, Máire Geoghegan-Quinn said the total €79bn in funding was part of the EU’s plan to get people back to work by supporting jobs.

“First and foremost, Horizon 2020 will be good for Europe’s citizens. With its focus on delivering both economic and societal impacts, Horizon 2020 will tackle the issues that matter most to people: Stimulating growth and competitiveness, creating new and better jobs; and finding answers to our biggest societal challenges,” she said.

Ibec welcomed the announcement, saying the funding would help all businesses.

Its innovation executive, Aidan Sweeney, said companies need to be aggressive in going after the funding.

“Horizon 2020 is the largest EU research and development funding programme yet, with a 30% increase on the previous initiative. Ireland needs to take full advantage ofthe opportunities that this programme presents,” he said.

“We welcome the ambitious national target for securing funding of €1.25bn from this programme. We now need to ensure that the high level of engagement that the programme seeks to encourage by companies, particularly SMEs, is quickly realised and developed over its lifetime.”

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17
Nov 13

Silicon Valley’s Irish Banker Champions Entrepreneurs

Silicon Valley BankDubliner Barry O’Brien, managing director of Silicon Valley Bank’s Entrepreneur Services Group, describes the route to his role as circuitous. Indeed, he occupies one of the pivotal roles in facilitating entrepreneurs in one of the world’s most entrepreneurial regions – Silicon Valley.

Silicon Valley Bank has helped fund more than 30,000 start-ups and has about US$20bn on deposit.

In June 2012, the bank announced plans to lend US$100m to support Ireland’s technology innovation sector in collaboration with the National Pensions Reserve Fund over the next five years.

Some US$22m of this fund has already been issued to Irish technology start-ups.

O’Brien, a graduate of University College Dublin, began his career in the management consulting world, working for both BearingPoint and PricewaterhouseCoopers before taking a role with the Department of Foreign Affairs. His diplomatic career began at the Anglo-Irish Division of the Department of Foreign Affairs, where he was attached to the International Fund for Ireland.

After stints in Belfast and Dublin, O’Brien received his first overseas posting as vice-consul for the entire US west coast area, working out of San Francisco, California.

“It’s a pretty big area to cover and 42pc of all foreign direct investment to Ireland comes from there so it was a very strategically important part of the world for Ireland,” O’Brien said.

The then-diplomat came to the attention of Silicon Valley Bank while liaising with the bank on behalf of the Irish Government, organising internships at the bank for Irish students.

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13
Sep 13

Irish Solar-tech firm “Nines Photovoltaics” secures €350k funding.

Irish solar-tech firm Nines Photovoltaics secures €350k funding  Conall Boyle, corporate banking, Bank of Ireland; Dawn Guiney, Kernel Capital; Edward Duffy, CEO, Nines Photovoltaics; and John O’Dea, department manager, High-Potential Start-ups (HPSUs) - Communications and Digital Content, Enterprise IrelandDublin-based solar-cell technology company Nines Photovoltaics, otherwise known as ‘Nines’, has secured €350,000 in funding as part of a syndicated investment round. The company plans to use the funding to help finish its process development work and to launch its product – a silicon-wafer processing tool – into the marketplace.

 

The overall fund investors committed €350,000 alongside existing investor Business Venture Partners (BVP).

The full details of the investment round, which involved additional parties, have not been disclosed, although Kernel Capital, which manages the Bank of Ireland Seed and Early Stage Equity Fund, has confirmed its participation.

While solar energy is regarded by some in renewable energy circles to have vast scope as a clean energy source, the technology to harvest this energy is still regarded as expensive for solar electricity generation to become a mainstream source of electricity. That is where Nines is hoping its technology will disrupt the solar-tech sector.

First silicon-wafer processing tool

In collaboration with the European solar-energy research institute, Fraunhofer ISE, which is based in Freiburg, Germany, Nines is developing technology that is focused on reducing the cost of harvesting solar energy by changing the processes used to manufacture solar cells. The ultimate goal is to reduce the production cost while increasing cell efficiencies.

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