Enterprise Ireland HPSU Fund

Program Overview

Enterprise Ireland's High Potential Start-Up (HPSU) Fund provides equity investment up to €800,000 for innovative Irish startups with global ambitions. The program targets companies that can achieve €1 million in sales and employ 10+ people within 3-4 years of establishment.

Funding Details

Enterprise Ireland provides equity funding in stages, typically starting with €50,000-€150,000 for initial development, followed by additional rounds up to €800,000 total as the company hits milestones. The funding is patient capital with no immediate repayment requirements.

Eligibility Requirements

To qualify for HPSU funding, your startup must be: (1) Irish-based with significant operations in Ireland, (2) innovation-driven with competitive advantage, (3) capable of achieving €1M+ sales within 3-4 years, (4) targeting international markets beyond Ireland, and (5) led by a capable management team with relevant expertise.

Application Process

Submit an initial application through Enterprise Ireland's online portal including your business plan, financial projections, and team backgrounds. Selected applicants are invited to present to an evaluation panel. Due diligence typically takes 8-12 weeks from initial submission to funding decision.

Key Benefits

Beyond capital, HPSU companies receive mentorship from Enterprise Ireland advisors, access to global networks and potential customers, support with international market entry, and eligibility for additional R&D grants and innovation supports.