Planting the seed
At Bank of Ireland we understand the financial challenges that developing businesses can face at an early start-up stage. That's why we've set up the new Seed and Early Stage Equity Fund (SESEF) for SMEs. Managed by Kernel Capital on behalf of Bank of Ireland, and with a fund value of €26m, our SESEF has been created to support Irish companies and university spin-offs that are at their early and growth stages..
Watching it grow
SESEF seeks to make investments of between €100,000 and €500,000 in start-up and early stage enterprises that have a great idea for products, have the potential to export and are operating in the following sectors: technology, including green technology, food and financial services sectors, in addition to supporting patent and patent pending projects within Irish universities.
So, whether you're looking to expand or develop your business activities, want to introduce innovations or new technology into your company, fund R&D or acquire new technology, then our SESEF could be the financial support you're looking for.*
How do I apply?
Our SESEF will be managed on behalf of Bank of Ireland by Kernel Capital who have been appointed Investment Managers. If you would like to know more about the fund and how to apply, then please visit the Kernel Capital website at www.kernelcapital.ie, contact:
Orla Rimmington
Operations Manager
Kernel Capital
Rubicon Centre
Rossa Avenue
Bishopstown
Cork
Tel: +353 (0)21 4928974
Fax: +353 (0)21 4928977
Email:boi_seedfund@kernelcapital.ie
Web:www.kernelcapital.ie/investment/seedfund.html
As part of the SESEF, the Bank of Ireland University of Limerick Research Commercialisation Initiative will provide capital investment to strengthen the research base of Irish universities and help them leverage commercial success from patent and patent-pending research initiatives.
To find out more about this initiative please go to http://www.ulf.ie/projects/BoI-University-of-Limerick-Research-Commercialisation-Initiative/
or talk to your local Bank of Ireland Business Adviser today
If this fund is not suitable for your needs, there may be other funding available to you:
€250m Business Support Fund
€100m EIB fund
€100m Green Fund
*Investments will only be made in entities operating in the Republic of Ireland or for the expansion of an Irish entity's business overseas. Investments will not be made if the proceeds of the investment would be used to re-finance existing debts of the business. Lending criteria, terms and conditions apply. Bank of Ireland is regulated by the Financial Regulator.