Early Stage Supports For Companies
If you've set up a new business, you can claim back the previous six years' income tax you paid to invest into the company. €250 is the minimum and the maximum investment is €100,000 per year. If you're a professional service company or deal in land, petroleum or mineral activities you can't avail of this.
The scheme gives relief from corporation tax (earn up to €120,000) on your trading income, and a few other gains new companies may acquire, for the first three years.
This scheme allows individual investors to get tax relief on investments they make in other companies. Companies seeking EII relief must directly seek certification from the Revenue Commissioners.
R&D Tax Credit
Great for SMEs, you can get 25% tax credit for research and development expenditure.R&D must be in-house and within the European Economic Area.
Start Your Own Business Scheme
The Start Your Own Business Scheme provides relief from income tax for long-term unemployed people who start a new business. In order to qualify, you will have to have been unemployed for a minimum of a year before starting your business. Once you're on the scheme, you'll be exempt from income tax up to €40,000 for 12 months, for two years.
The Short-Term Enterprise Allowance (STEA) gives support to people who have lost their job and want to start their own business. Replacing Jobseeker's Benefit, you can receive it for 9 months.
This allowance is for those out of work for more than a year. When you set up a business, you can keep all of your welfare payment for the first year. In the second year, this is cut down to 75% and in the third year you can still keep half of your welfare payments.
OPTIMISE provides Irish Small and Medium Enterprises (SMEs) with a range of e-commerce supports. Companies can win 10 days of professional consultancy, training and development.
Innovation vouchers act as bridges between a company and a registered knowledge provider (usually universities or institutes of technology) to explore a business opportunity or problem. If you own or manage an SME, you can apply for an innovation voucher worth €5,000.
The (HPSU) Feasibility Grant is to help new companies look into the viability of a new export-orientated business or proposition. You can get 50% of this, VAT-exclusive, up to €15,000. You also don’t have to pay back the money!
Incredibly competitive, New Frontiers is an Enterprise Ireland programme that gives successful competitors €15,000 and invaluable training and advice.
The NDRC - Participants receive an initial cash investment of between €30,000 and €100,000, strategic business development advice and intensive mentoring by experts in digital enterprises, innovation, finance, investment, marketing and communications.
The NDRC LaunchPad - Still in the initial idea stage? The NDRC will give you €20,000 pre-seed money during the three-month kick off programme. You'll also have access to expert mentors to help you get your idea off the ground.
NDRC’s Female Founders - This incubator is for women with high-tech business start up ideas and is run by the NDRC, AIB and Enterprise Ireland. They can give you details of all the grants you're entitled to and help give your business an extra push in the right direction.
NovaUCD - mentoring, free legal/tax/marketing advice, securing funding help.
Ignite Incubator Programme - University College Cork (UCC), a six months office space free-of-charge at the National Software Centre in Mahon.
Invent Centre DCU - help finding state funding.
Incubation Centre at Maynooth University - how to commercialise research.
The Nexus Innovation Centre University of Limerick - programmes tailor-made for startups.
Food Academy Start Programme - Food business startups help from the Local Enterprise Office, Bord Bia and SuperValu.
NDRC VentureLab - If you're a start up in tech healthcare, eCommerce, energy efficiency, functional foods, carbon reduction and image recognition, VentureLab can help you with investment of up to €100,000.
Propeller Venture Accelerator programme - 3 month accelerator that offers €30,000 seed funding plus €15,000 in services costs.
Female Propellers - Open to female founders of startups less than five years old.
LaunchBox - Open to Trinity students, participants receive funding, office space and mentorship.
Seedcamp - A European pre-seed and seed stage acceleration fund.