Transcript
Show me the money!4
Challenges
?
SavingsDebtBanks
MicrofinancingFunds (like ICE)Venture Capital
Grants Tax Breaks
Current funding sources {
€
Challenges
Lack of available funds
Confusion over how funds can be obtained
Preparing entrepreneurs to start & run their own business
€
?
Focussed Issues
Inspiration
Great idea, passion & energy Experience
Limited business experience (1 year since idea generation)Resources needed
Free advice, time, guidance, a business partner, funding & clear, accessible information
Alison
Sole trader looking to develop her business
Developing a product, but not yet producing
Applied for grants, but ineligible for various reasons
ChallengesSolution
Fund specifically for startups
Simplified application processand more accessible funds
Mandatory mentorship and entrepreneurial training
€
Dublin
Fund Startup
Challenges‘One-Stop-Shop’
Corporate Social ResponsibilityContributions
Securitisation Release Funds
New Funding Sources
Official crowdsourcing
platform
EU Horizon
Fund
Dublin
Fund Startup
Individual Investment
Rates 1% Contribution
→ → →
How it Works
Individual comes up with idea for startup Meets with mentor
to discuss potential funding options and feasability of project
Existing funding options are explored, and the
most suitable is pursued
Startup
Day
1
Fast track → Feasable idea →
Medium track → Idea needs development →
Slow track → Unfeasable idea →
Policy & Service Changes
+
Justin (Mentor)
Mentoring the individual to prepare for fundingCoaching around idea assessment, individual suitability and skillsEncourage business training & skills development Unlock the mystery of starting a business in DublinHelp to develop business and feasability plansAdvise on applying for relevant funding
Further advice Sales marketingCashflow support
Roles (Stage 1)
Roles (Stage 2) Business administrationDeveloping staff team
Justin (Entrepreneur)
Increased number of startups in
Dublin
Dublin
Fund Startup
Inspiring entrepreneurship
in Dublin Increased number of startups in
DublinIncreased
innovation
Attracting new business & building a vibrant city
Dublin positioned as ‘Startup
City’
ChallengesMetrics of Success (over 18 months)
Size of fund
No. of new jobs created
No. of sustainable startups
€
Thank you
€Dublin
Fund Startup
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