Grant boost for in­no­va­tive Fin­gal firms

Fingal Independent - - NEWS -

FOUR up-and-com­ing Fin­gal busi­nesses are shar­ing a €100,000 fund­ing boost un­der a pi­lot ini­tia­tive aimed at help­ing com­pa­nies im­prove com­pet­i­tive­ness by de­vel­op­ing new in­no­va­tive pro­cesses, prod­ucts or ser­vices.

Some 58 lo­cal firms com­peted in the €1.5m ‘In­no­va­tion In­vest­ment Fund’ es­tab­lished by the net­work of Lo­cal En­ter­prise Of­fices across the coun­try.

The four busi­nesses from Fin­gal de­liv­ered suc­cess­ful pitches and were awarded €25,000 each to­wards the de­vel­op­ment of new in­no­va­tive pro­cesses, prod­ucts or ser­vices.

They were Corr Op­ti­cal from Bal­doyle, Ever­est Gra­nola Ltd. from Blan­chard­stown, Howth Beer Ltd (T/A Hope Beer) from Howth Junc­tion and Relo­data Ltd. from Malahide.

In Dublin the se­lec­tion process was ex­tremely com­pet­i­tive with over 150 ap­pli­ca­tions re­ceived for the grant from busi­nesses across the county.

Af­ter the as­sess­ment stage, 28 of the 150 ap­pli­cants were se­lected to par­tic­i­pate in a highly fo­cused In­vestor Ready Pro­gramme which as­sisted them while im­ple­ment­ing their in­no­va­tive de­vel­op­ment plan.

At the con­clu­sion of the pro­gramme each ap­pli­cant was then given the op­por­tu­nity to make a for­mal pitch to an in­vestor panel to po­ten­tially se­cure the LEO In­no­va­tion In­vest­ment Fund of €25,000, with 14 Dublin busi­nesses suc­cess­fully re­ceiv­ing awards.

Fin­gal County Coun­cil Chief Ex­ec­u­tive Paul Reid, wel­comed the suc­cess of the four Fin­gal busi­nesses in se­cur­ing fund­ing. ‘I want to con­grat­u­late our small busi­ness own­ers on suc­cess­fully se­cur­ing fund­ing from the LEO In­no­va­tion In­vest­ment Fund and hope that it en­ables them to in­no­vate, grow and find new mar­kets.

‘Fin­gal is a good place to do busi­ness in and small busi­ness is the life-blood of our lo­cal econ­omy so Fin­gal County Coun­cil, through our Lo­cal En­ter­prise Of­fice, is work­ing to en­sure that those run­ning or start­ing up small en­ter­prises are given the sup­port struc­ture that they need to grow and de­velop.’

Wim De Jongh of Hope Beer and Sea­mus Tighe of Ever­est Gra­nola Ltd.

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