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Dublin: 12°C Friday 23 April 2021

Good news for aviation and manufacturing start-ups

The government is offering half a million euro in funding.

Image: Niall Carson

THE DEPARTMENT OF Trade and Enterprise has announced a new €500,000 fund for aviation and manufacturing start-ups.

The €500,000 Competitive Start Fund for entrepreneurs active in the aviation and manufacturing sectors will help start up and early stage companies to get off the ground and launch new products and services.

It will provide young companies with early stage funding in order to help them hit key milestones.

Companies associated with the aviation industry, including financial services, leasing, software and IT, as well as travel and assembly are invited to apply, as are manufacturers preparing to use mechanical, electrical and chemical engineering technologies for the production of goods as well as new start-ups using other processes.

Jobs Minister Richard Bruton said the fund would create jobs in established sectors.

“New businesses create two thirds of all new jobs in the economy, and we have made a deliberate decision to support more start-ups in sectors where we have real established strengths.”

The closing date for applications to the fund is 3.00pm Wednesday 30 April and details can be found here.

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