THE NEXT generation of Limerick farmers can now apply to a new €200,000 fund that has been launched by Enterprise Ireland to support agri-business in Ireland.
With applications being accepted from this week, the new Enterprise Ireland Competitive Feasibility Fund for agri-businesses can provide up to €25,000 per initiative as it is aimed at stimulating innovative start-ups and creating jobs and growth in the sector.
Limerick agri-entrepreneurs can apply to the fund until Tuesday 6 September next where the purpose of the fund is to enable promoters to assess the viability and market potential of their business ideas.
Enterprise Ireland is seeking to support business ideas that are likely to achieve significant growth within three to four years, with sales of €1m+ per annum and employment of 10 or more.
The fund is open to applications from individuals, early stage companies or prospective businesses operating in the agri-business sector including: machine design and manufacturing; fabrication; engineering and technical activities; life sciences products with application in the agri-sector; farm related software and related services; vet-pharma; animal health and chemical products. Early stage food companies with the potential to export are also encouraged to apply.
Full details of the fund, including application form, are available on the Enterprise Ireland web site: www.enterprise-ireland.com/AgriFund