Program Overview
Enterprise Ireland's High Potential Start-Up (HPSU) Fund supports startups with potential to develop innovative products for international markets, creating 10 jobs and €1 million in sales within 3 years.
The Innovative HPSU Fund provides up to €800,000 to take startups global, with typical investments ranging from €50,000 to €250,000 for a 10% equity stake. In exceptional cases with truly scalable opportunities, Enterprise Ireland will invest up to €1 million.
Funding Amount
Standard Investment: €50,000 to €250,000 for 10% equity stake
Maximum Investment: Up to €800,000 (€1 million in exceptional cases)
Co-investment Structure: Enterprise Ireland matches private investor funding
Eligibility Requirements
Innovative Product or Service: Must develop innovative offerings for sale on international markets
Growth Potential: Demonstrate ability to create 10 jobs and €1 million in sales within 3 years of startup
International Market Focus: Product or service must be sold on global markets, not just domestically
Scalability: Business model must demonstrate potential for significant scaling
Key Benefits
Dedicated Development Advisor: Becomes your strategic partner, understanding your business intimately and providing guidance through growth challenges
Experienced Guidance: Advisors typically have worked with dozens of companies through scaling phases
Equity Investment: Non-dilutive co-investment that validates your business model to other investors
Enterprise Ireland Network: Access to extensive international network and market connections
Application Process
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Initial Contact: Reach out to Enterprise Ireland at hpsuenquiries@enterprise-ireland.com or call +353 1 727 2130
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Application Submission: Submit detailed business plan demonstrating innovation, scalability, and international market potential
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Due Diligence: Enterprise Ireland evaluates business model, team capability, market opportunity, and financial projections
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Investment Decision: Approval for HPSU status and funding amount
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Development Advisor Assignment: Dedicated advisor assigned to support your growth journey
Related Programs
HPSU Feasibility Study Grant: Up to €30,000 (70% of eligible expenditures) for market research and feasibility analysis
Innovation Vouchers: €5,000 available for any Irish SME to access innovation services
New Frontiers Programme: Targeted startup support for early-stage entrepreneurs
Contact Information
Email: hpsuenquiries@enterprise-ireland.com
Phone: +353 1 727 2130
Website: www.enterprise-ireland.com
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