Pre-Seed Start Fund
Pre-Seed Funding is an important part of a startup’s journey and success. Enterprise Ireland’s Pre-Seed Start Fund (PSSF), up to €100k pre-seed funding through a convertible loan note. This early-stage funding is used to cover core early stage operational costs, including building out a team and covering initial product market testing.
Furthr have supported 38 early-stage companies in securing pre-seed start funding in 2024. Feels like it might make more sense if it was something like “Furthr does this through providing one-to-one mentoring to Entrepreneurs intending to submit an application by reviewing, critically evaluating and providing feedback on their application.”
Startup Supports
Who is it for?
Entrepreneurs who have a Minimal Viable Product (MVP) or are live in Beta and have demonstrable early customer validation.
The proposition should demonstrate some evidence of innovation, internationalisation potential and employment capacity, and should have some level of validation of their customer proposition. They should have ambition and a clear path for their startup to scale to a minimum of 10 Employees, and €1M in revenue (inclusive of exports) within 4 years.
How do I apply?
The formal application for Enterprise Ireland’s Pre Seed-Start Fund is made through their online portal which you will need to register for.
You will then be required to:
Submit an online written application
Submit a 4 minute video pitch
Following a review by the Enterprise Ireland team, if your application meets their application and eligibility criteria you will be invited to pitch to the evaluators in person, after which a decision is made.
How will Furthr help me with my PSSF application?
Furthr, together with the other 3 Irish BIC’s (Axis BIC, Propelor BIC and West BIC), run monthly PSSF application workshops which give a detailed overview of the application process. The workshop provides prospective applicants with an opportunity to ask Enterprise Ireland and one of the BIC’s questions about the fund or the process. See the schedule of workshops here.
If, following a workshop and/or following a review of the Enterprise Ireland’s eligibility criteria, you decide you wish to apply we will allocate one of our consultant team to work through your application with you, critically evaluating and reviewing it from the perspective of the evaluation criteria and feeding back to give you the best chance of success.
Our Process Is:
An initial online screening meeting with our Head of Acceleration supports to talk through your proposition and ensure it meets criteria
Allocation of the Furthr Consultant
Formal review and feedback session on first draft
Formal review and feedback session on the second draft (if needed)
Review and feedback session on video submission
