EI Investment

username21

Hi,

My company has received a investment offer from enterprise ireland. I am slightly reluctant to accept the offer as I have heard that their terms can restrict a company. does anyone know anything about their terms?

Thanks!

EIREHotspur

Would this be what your looking for?

http://www.enterprise-ireland.com/en/funding-supports/Company/HPSU-Funding/IGCSF-Term-Sheet.pdf

If it is then by the looks of it they are very strict terms.

username21

Thanks hotspur.

I've already dissected that sheet and its not too bad, but I am fairly sure that there are other clauses and strict rules if selling the company.

Has anyone else received investment of them? and were you weary of any terms on the contract?

glanman

There is a lot paperwork and criteria to flow with them so make sure you have enough time/someone within your company who has to do this and to do it properly. I'm sure you know this already as you have got to this stage with them.

Obviously I know nothing about your business but their help is very worthwhile, they have great contacts in markets and will commit resources (financial and human) to you as long as you engage with them. See them as a partner who has a lot to offer, not just cash.

Bigcheeze

Their terms are pretty ok and less restrictive than what a VC would offer. Also they use CCRP's to invest which are a pretty cheap form of finance for a startup.