Ireland has become one of Europe’s most vibrant startup hubs, known for its mix of business-friendly policies, supportive government infrastructure, and strong links to global markets. From tech founders to creatives, entrepreneurs across every industry are launching companies here—with many relying on a solid funding strategy to get off the ground.
Whether you’re developing software, launching a new product, or growing with the help of an experienced SEO agency in Dublin to build early visibility, funding will be a central part of your growth journey. So how do startups in Ireland secure the capital they need?
Let’s explore the most effective ways to get funding for your startup in Ireland—covering local grants, investor networks, and alternative financing routes.
Government Support: Enterprise Ireland, LEOs, and the SURE Scheme
For most Irish startups, the first major funding conversation starts with the public sector. Three key avenues stand out: Enterprise Ireland, Local Enterprise Offices (LEOs), and the Startup Refunds for Entrepreneurs (SURE) scheme—each designed to support businesses at different stages of growth.
Enterprise Ireland is the state agency responsible for supporting high-growth, export-focused companies. If your business has the potential to scale internationally, EI offers a clear path through structured programmes like the Competitive Start Fund (CSF) and the High Potential Start-Up (HPSU) support. These options offer investment in exchange for equity, along with tailored mentoring, access to international networks, and market entry support.
Meanwhile, Local Enterprise Offices operate at a more grassroots level, helping small businesses and early-stage entrepreneurs at the county level. They offer feasibility study grants, start-up capital for new businesses, and expansion funding for those looking to scale locally. Many startups begin their funding journey with a LEO grant before progressing to Enterprise Ireland once they’re ready for global markets.
Another often-overlooked funding route is the SURE scheme (Startup Refunds for Entrepreneurs), which offers income tax relief to individuals leaving PAYE employment to start their own limited company. Eligible founders can claim back income tax paid in the previous four years, based on the amount they personally invest into their new company. In some cases, this refund can amount to tens of thousands of euros—a significant boost to early-stage funding, especially when combined with supports from Enterprise Ireland or LEOs.
The SURE scheme is particularly valuable for bootstrapped founders who are using their own savings to get started. It can help fund essential early costs—whether that’s hiring, product development, or working with an SEO agency in Dublin to build online visibility and attract customers from day one.
These public supports don’t just offer cash—they’re gateways to networks, credibility, and expert advice that can significantly improve your chance of long-term success.
Angel Investors: Personalised Support with Capital
Once you’ve developed a minimum viable product (MVP) or gained early traction, angel investment may become a viable funding route. Angel investors are high-net-worth individuals who fund startups in exchange for equity. But their support often extends beyond capital—they can bring guidance, market knowledge, and valuable connections.
In Ireland, angel investing is most commonly facilitated through networks like the Halo Business Angel Network (HBAN), which connects qualified startups with suitable investors. These relationships often begin at pitch events or through structured programmes run by groups like Dublin BIC.
For startups that need flexibility, mentorship, and a partner invested in their journey, angel funding can be transformational. However, founders must be prepared to pitch clearly, show traction, and outline a vision that’s scalable within a few years.
Venture Capital: For Startups Ready to Scale
If your startup is showing strong traction—whether through users, revenue, or early partnerships—you may be ready to approach venture capital firms. Ireland has a healthy VC scene, especially in sectors like SaaS, healthtech, fintech, and sustainability.
Firms such as Frontline Ventures, Atlantic Bridge, and Act Venture Capital have actively backed Irish startups. VCs typically look for high-growth businesses with scalable models and global market potential. Unlike angel investors, venture capitalists often invest larger sums—ranging from €100,000 to several million—and expect a return in 5–7 years through growth, acquisition, or IPO.
While venture capital can unlock enormous potential, it comes with high expectations. Founders must be ready to present solid financials, a strong go-to-market strategy, and a compelling narrative that resonates with investors.
Startup Accelerators and Incubators
For early-stage startups still refining their offering, accelerators provide a hybrid route: a mix of funding, mentorship, and community.
Organisations like NDRC and Dogpatch Labs offer equity-based accelerator programmes, where startups receive seed funding and enter a structured bootcamp designed to strengthen everything from product development to investor readiness. These programmes typically culminate in a demo day, giving startups direct access to VC firms and angel networks.
Universities also play a key role through incubators such as Ignite (University College Cork), NovaUCD, and Trinity’s LaunchBox. These are especially helpful for student-led or research-based startups, providing initial funding, academic mentorship, and office space.
The greatest benefit of accelerators often lies in their network effect. You’re surrounded by other founders, advisors, and funders—all of whom can accelerate your growth far beyond the initial capital injection.
Alternative Funding: Crowdfunding and Microfinance
Not every startup is ready for equity investment. Some might prefer to hold on to ownership, while others serve local or niche markets. In these cases, alternative funding routes like crowdfunding or microfinance can be powerful tools.
Crowdfunding allows startups to raise small amounts from a large number of backers—typically through platforms like Fundit.ie, Seedrs, or Kickstarter. This model works particularly well for consumer products, creative projects, or brands with strong storytelling potential. It not only brings in funds but also validates demand and builds a loyal community.
Meanwhile, Microfinance Ireland (MFI) offers loans of up to €25,000 for early-stage businesses that may not qualify for bank financing. These loans come with fixed interest rates and are especially helpful for startups that need working capital, equipment, or marketing support.
It’s worth noting that startups using crowdfunding or microfinance often pair this with a strong online presence. In fact, many choose to work with a specialised SEO agency in Dublin to drive campaign visibility, optimise landing pages, and ensure their messaging is reaching the right audiences.
Industry-Specific Grants
Beyond the general supports, Ireland offers targeted funding for startups operating in specific sectors. For example, the Sustainable Energy Authority of Ireland (SEAI) funds clean energy projects, while Science Foundation Ireland (SFI) supports research-heavy tech startups.
Agri-food startups can apply for support from Teagasc, while creative ventures may find funding through Creative Ireland or the Arts Council.
These grants tend to be competitive, and application windows are often limited, so it’s important to track relevant announcements and plan your submissions well in advance.
A Final Note on Strategy
Securing funding is never just about money—it’s about finding the right fit for your business model, stage, and goals. A tech startup eyeing global markets may benefit most from venture capital, while a design-led business might thrive through a LEO grant and a crowdfunding campaign.
Whichever path you choose, remember that Ireland offers an incredibly rich ecosystem of support. If you can align your story with the right programme, pitch with clarity, and show clear potential for growth, there’s no shortage of resources to help you succeed.
And once your funding is in place, consider investing in tools and partnerships that drive visibility and revenue early on—whether that’s product development, a strong marketing strategy, or working with an SEO agency in Dublin to grow your digital footprint and attract customers across Ireland and beyond.
