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The Competitive Start Fund


Thursday, October 29, 2015

The Competitive Start Fund (CSF) is an Enterprise Ireland fund aimed at accelerating the growth of start-up companies. It offers €50,000 (matched with €5,000 from the company or other private investor) for a 10% ordinary equity stake in the company.  The purpose of the investment is to help start-ups who benefit from CSF investment with the following:

  • Evaluate overseas market opportunities and reach conclusions regarding viability;
  • Build a prototype;
  • Secure a reference site;
  • Develop a market entry plan for exploiting international opportunities;
  • Secure a partnership deal or strategic alliance;
  • Identify suitable channels to international markets; and
  • Secure third party investment e.g. from a business angel, Venture Capital.

Many companies which secure CSF funding go on to secure funding from Enterprise Ireland’s High Potential Start-Up (HPSU) Fund.  Philip Lee has a specialised unit of leading lawyers dedicated to early stage CSF and HPSU companies.  We work hand-in-hand with clients, advising them of their legal obligations and assisting to implement the necessary structures.  We aim to make the process of securing funding seamless and stress free.  We have a close working relationship with Enterprise Ireland.

This year alone, we have represented close to 30 (and counting) start-ups in securing CSF funding.  Our service is offered at a fixed rate fee for all aspects of the CSF process, including advices on the share subscription and shareholders agreement and all company secretarial documentation.

 

For more information please contact:

Eoghan Doyle (link to email edoyle@philiplee.ie)

Majella Crennan (link to email mcrennan@philiplee.ie)


Author

Eoghan Doyle

PARTNER


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