944 start-ups and SMES receive €6M by Dublin City LEO

  • The Local Enterprise Office Dublin City has awarded €6,174,969 to 944 start-ups and SMEs since its formation in April 2014.

    The latest figures have been released by Dublin City's Local Enterprise Office, showing over €6m EUR in funding given to start-ups and small to medium sized enterprises in the past four years. These figures are encouraging to entrepreneurs with start-ups that are seeking investment, and has helpep motivate entrepreneurs to push their businesses to the next level.

    This level of investment is a particular motivator to the younger generation who may have the desire to launch a start-up, as they know that this level of funding is being invested to propel the next generation of businesses. This news will help continue putting Ireland on the map as a hub for start-up initiatives throughout 2019.

    Greg Swift, The Head of Enterprise and Economic Development at the Dublin LEO, positively commented on the figures in a recent Silicon Republic article, saying "Whether you have a business idea and want to find out the next steps to get it off the ground, or if you are a growing business looking to expand in 2019, come in and talk to us…”.

    Case studies:

    What kinds of businesses have benefitted from Dublin City LEO's help? Business World.ie profiled three companies that have benefited through the support over the last four years:

    Coroflo: This device created is utilised to measure the level of milk being received by the child during breastfeeding. They achieved €650,000 worth of investment in 2017, after receiving a grant from the Local Enterprise Office to fund a prototype. Since the investment, the company is preparing to launch the product to market across Ireland and the UK in the next 12 months.

    Meltdown Café: A café that is in the Temple Bar vicinity specialising in gourmet cheese toasties is being run by Women in Business network awards, Maeve O’Malley.

    Manley: Emma Manley founded Manley and is at present one of Ireland’s leading contemporary fashion brands. Emma has taken her business to the next level through the launch of a pop-up shop based in Dundrum, showcasing a host of Irish labels.

    SOURCES: Business World, Silicon Republic 

    About the author

    Jamie is a Sync NI marketing intern with a keen interest in students, start-ups, and digital marketing. To connect with Jamie, feel free to send him an email or follow him on LinkedIn.

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