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