A new €750,000 fund for fintech and deep tech start-up companies has been announced today by Enterprise Ireland.
The fund is designed to enable recipient companies working in areas including fintech, proptech, artificial intelligence, machine learning, augmented and virtual reality, the internet of things, blockchain and cloud, to reach key technical and commercial milestones.
The new fund was revealed by Minister for Financial Services and Insurance, Michael D’Arcy TD at Enterprise Ireland’s ‘Future of Fintech’ event this morning.
The Minister said:
“With Ireland being the fourth largest exporter of financial services in the world, developing and supporting the Fintech sector is a national priority.
“As the home to one of the most important financial services centres in the EU and one of the world’s largest concentrations of technology companies, Ireland combines the technical and financial expertise that global fintech buyers seek.
“The new competitive start fund is a key action of the Department of Finance’s IFS 2020 Action Plan for 2018 and will provide a new funding stream, critical for early stage start-up funding for fintech and deeptech companies.”
Enterprise Ireland’s ‘Future of Fintech’ event coincided with MoneyConf, which is taking place in Dublin 11th June – 13th June 2018.
Organised by the team behind the world’s largest tech conference Web Summit, MoneyConf will see the world’s leading bitcoin, cryptocurrency and fintech experts gather.
Applications for the new competitive start fund will open on 19th June and will close for entries on 3rd July. For further information on the fund, go to www.enterprise-ireland.com/Fintech.