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Get money via the business board

  • 18-09-2013 1:30pm
    #1
    FuzzyCraic
    Registered Users, Registered Users 2 Posts: 42 ✭


    Hey guys,
    Me mate and i have some Business plans. He's Irish i'm Dutch Belgian. He claims that we if we make sure that we have our brililiant business idea worked out , some Irish Business Board will give us money to start with our business.

    After we have a 15 minutes meeting with them...

    Me very sceptical about this? Does this really exist ... A business board that will give you money to fund the great idea that we could possibly have ?

    Sounds way to good to be true ...

    Or isn't it


Comments

  • #2
    srsly78
    Registered Users, Registered Users 2 Posts: 7,157 ✭✭✭srsly78


    They would expect you to put up loads of your own money, and have a proven track-record plus solid business plan.


  • #3
    Mrs OBumble
    Registered Users, Registered Users 2 Posts: 26,292 ✭✭✭✭Mrs OBumble


    And it would take far, far more than a 15 minute meeting.


  • #4
    MouseTail
    Registered Users, Registered Users 2 Posts: 1,663 ✭✭✭MouseTail


    Head over to the entrepreneur forum here and you can get info and people's experiences on grants and supports from local enterprise boards and enterprise Ireland. In general your business must be export driven and capable of growth. And as Mrs O'Bumble says, there is a long process to go through.


  • #5
    smemon
    Registered Users, Registered Users 2 Posts: 3,467 ✭✭✭smemon


    He's wrong, plain and simple. Unless he has inside contacts, there'll be lots of red tape, lots of documentation & projections needed and much more than a 15 minute meeting...

    Also, *most* of the funding on offer won't be free money at all... enterprise board will typically match whatever you invest up to 50%...

    So if you need €10k investment, you have to invest €10k yourself and prove you've invested it...

    My advice would be to get some customers first or get something signed from them with intent to buy... then go to an enterprise board. Don't waste time doing projections and business plans... prove your idea is as great as you think it is and the only way to do that is to prove people want it and will pay for it.


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