Attracting Inward Entrepreneurial Start Ups
Increasing the number of inward entrepreneurial start ups will generate new business and employment opportunities in Ireland to augment existing indigenous support and FDI‐seeking activity, therefore in 2012 we will:
4.1 In the context of the process set out in Action 3.2 above, EI and IDA will work together to attract inward start‐ups with ambitious targets for start‐ups and jobs potential.(Enterprise Ireland/IDA Ireland)
4.2 Promote availability of a €10 million fund and target support of overseas entrepreneurs with investor‐ready projects seeking between €200,000 and €500,000. (DJEI, Enterprise Ireland)
4.3 Appoint new International Start Up Ambassadors and consider new ways to involve the private sector, including Diaspora, in developing champions to extend knowledge of Ireland’s unique offering in this area. (DJEI, Enterprise Ireland)
4.4 Work collectively to communicate Ireland’s strength as a location for starting a business, and support the development of a campaign by the Irish Diaspora to encourage entrepreneurial start‐ups in Ireland. (DJEI / Enterprise Ireland / IDA Ireland / DFAT)
4.5 Roll out targeted marketing campaigns in North America, UK, Europe and Australia. (Enterprise Ireland)
4.6 Increase by 50% the number of investments in Inward Entrepreneurial Start Up projects. (Enterprise Ireland)
4.7 Put in place and promote attractive immigration arrangements to facilitate entrepreneurs from outside the EEA in establishing businesses in Ireland through the Immigrant Investor Programme and the Start‐up Entrepreneur Programme:
- The Immigrant Investor Programme will allow approved participants and their immediate family members to enter the State on multi‐entry visas and to remain here for a defined period;
- The Start‐up Entrepreneurship Programme will allow migrants with a good business idea in the innovation economy and funding of €75k to be given residency in the State for the purposes of developing their business. (D/Justice and Equality/INIS)
