Enterprise Ireland: Government Support for Irish Businesses

by | Mar 20, 2023 | Uncategorized | 0 comments

In today’s fast-paced business world, entrepreneurs and business owners need all the support they can get to succeed. This is where Enterprise Ireland comes in. As a government body, Enterprise Ireland provides support and funding to Irish businesses, helping them grow and expand both locally and globally. In this article, we will take a closer look at Enterprise Ireland, its role in supporting Irish businesses, and how it can help businesses achieve their goals.

In this article, we will take a closer look at:

  • What is Enterprise Ireland?
  • Who runs Enterprise Ireland?
  • Is Enterprise Ireland a government body?
  • What is the Enterprise Ireland portfolio?
  • How does Enterprise Ireland help?
  • Initiatives and Programs
  • Enterprise Ireland’s COVID-19 Response

What is Enterprise Ireland?

Enterprise Ireland is a government organization that was established in 1998 with a mandate to support Irish businesses through funding, expertise, and other forms of assistance. The organization’s mission is to help businesses start, scale, and expand their operations. Enterprise Ireland works with companies across various industries, including technology, manufacturing, food and drink, and life sciences, among others.

Who Runs Enterprise Ireland?

Enterprise Ireland is led by a Board of Directors, which is responsible for setting the organization’s strategic direction and overseeing its operations. The board is made up of business leaders, entrepreneurs, and experts in various fields, who bring a wealth of knowledge and experience to the organization. The day-to-day operations of Enterprise Ireland are managed by a team of executives led by the CEO.

Is Enterprise Ireland a Government Body?

Yes, Enterprise Ireland is a government body. It is part of the Department of Enterprise, Trade, and Employment and receives funding from the Irish government. Its mandate is to support the growth and development of Irish businesses, which, in turn, contributes to the overall economic growth of the country.


What is the Enterprise Ireland Portfolio?

Enterprise Ireland has a diverse portfolio of clients, which includes companies of all sizes, from small startups to established businesses. The organization provides funding and support to businesses across various sectors, including:

  • Technology and innovation
  • Manufacturing and engineering
  • Life sciences
  • Food and drink
  • Construction and cleantech
  • Consumer products and services
  • The organization also has dedicated programs and initiatives for specific industries, such as fintech, agritech, and creative industries.

How Does Enterprise Ireland Help?

Enterprise Ireland provides various forms of assistance to Irish businesses, including funding, expertise, internationalization, and innovation.

Funding:

One of the primary ways Enterprise Ireland supports Irish businesses is through funding. The organization provides financial support to businesses through grants, loans, and equity investments. These funds can be used to support research and development, internationalization, and other business activities. Funding is available for companies at all stages of their development, from startups to established businesses looking to expand.

Expertise:

Enterprise Ireland has a team of experts who provide guidance and support to businesses in various areas, such as market research, strategy development, and export marketing. The organization also provides training programs and workshops to help businesses develop the skills they need to succeed.

Internationalization:

Enterprise Ireland helps businesses expand their operations globally by providing support for trade shows, market visits, and other international activities. The organization has a network of offices and representatives in over 30 countries, making it easier for businesses to access new markets and develop international partnerships. Enterprise Ireland also provides market intelligence and research to help businesses understand the cultural and regulatory differences between different countries.

Innovation:

Innovation is critical for businesses to stay competitive and grow. Enterprise Ireland supports businesses in developing innovative products and services by providing funding and expertise in areas such as research and development and commercialization. The organization also has several innovation centers across the country, which provide businesses with access to state-of-the-art facilities and equipment.

Enterprise Ireland also supports businesses in accessing research and development funding from the European Union. The organization provides information and guidance on the various funding programs available, as well as assistance with the application process. This support can help businesses access the resources they need to develop new technologies and products, which can lead to increased competitiveness and growth.

Enterprise Ireland has been instrumental in helping Irish businesses succeed in the global marketplace. In 2020, the organization supported over 2,000 companies to export goods and services to new markets, generating over €25 billion in exports. The organization also helped companies create over 19,000 new jobs, contributing to the overall economic growth of the country.

Initiatives and Programs

Enterprise Ireland has several initiatives and programs designed to support specific industries and sectors. These initiatives include:

  • Fintech: Enterprise Ireland has a dedicated fintech team that provides support and assistance to Irish fintech companies. The team works with these companies to help them access funding, develop their products, and expand into new markets.
  • Female entrepreneurship: Enterprise Ireland has several programs designed to support female entrepreneurs. These programs provide funding, training, and mentorship to women entrepreneurs who are looking to start or grow their businesses.
  • Rural entrepreneurship: Enterprise Ireland has several programs designed to support businesses located in rural areas. These programs provide funding, training, and mentorship to businesses located in rural areas to help them overcome the unique challenges they face.

Enterprise Ireland’s COVID-19 Response

In 2020, Enterprise Ireland launched the Sustaining Enterprise Fund, a €180 million initiative designed to help businesses impacted by the COVID-19 pandemic. The fund provides financial support to businesses to help them sustain their operations and adapt to the new economic environment. The organization also launched the Agile Innovation Fund, a €200 million initiative designed to help businesses develop new products and services in response to the pandemic. These initiatives have helped businesses weather the pandemic and prepare for a post-COVID-19 world.

Conclusion

Enterprise Ireland is an essential resource for Irish businesses looking to grow and expand their operations. Its wide range of support services and funding opportunities make it an attractive partner for businesses across various sectors. Whether you are a startup or an established business, Enterprise Ireland can help you achieve your goals and succeed in the global marketplace. With its expertise, funding, and support, Enterprise Ireland is playing a vital role in shaping the future of the Irish economy.