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My Business is Technology
2015/2016 – The Outlook: Technology Update, provides insight into the current performance of the TMT sector in Ireland. 2014/2016 – Our Outlook: Technology Report, in association with the Irish Software Association (ISA) and Irish Internet Association (IIA), highlighted some key issues impacting the Technology sector.
Meet the Team
Our team combines entrepreneurial and technology backgrounds with the financial expertise needed to help position companies for success.
Irish Tech M&A and Fundraising
John O’Dwyer (Head of Technology, Media and Technology, AIB) talks to Mark Reid (Director, AIB Corporate Finance) about the Irish tech M&A market, fundraising and the role that an AIB Adviser can play in transactions.
Bringing Together Knowledge & Expertise
We believe that people do their best work when they’re surrounded by like-minded people in a space that encourages flexibility and collaboration. That’s why we’re partnering with Galway City Innovation District (GCID) to turn the city centre into the ideal place for entrepreneurs to come together to work and share ideas.
Enabling Global Trade
Whether already established in foreign markets or just beginning to expand abroad, our range of export services make it easy to trade internationally.
Business Reports / Articles
Other Sources of Finance
Please note that the provision of this product or service does not require licensing authorization or registration with the Central bank of Ireland and as a result it is not covered by the Central Bank’s requirements designed to protect consumers or by a statutory compensation scheme.
Third party investors – Seed Capital
Seed Capital is when a third party investor exchanges funds for a percentage ownership of your business. We have committed €75 million in seed funding for early stage businesses through
(1) the AIB Seed Capital Fund and
(2) the AIB Start Up Accelerator Fund.
Both funds are set up with the support of Enterprise Ireland and managed independently of the bank and Enterprise Ireland by a team of professional fund managers.
More information about seed capital funds operating in Ireland is available from the Irish Venture Capital Association.
Business angels are private investors who invest smaller amounts of finance in early stage companies. In Ireland, there is a national Business Angel Partnership network to bring together the private equity activities of Enterprise Ireland, InterTrade Ireland and the Irish Business and Innovation Centres by matching private investors with pre-screened investment opportunities in start-up, early stage and developing businesses. More information on business angels is available from The Halo Business Angel Partnership.
Tax Relief Incentive Schemes
Currently there are two tax relief incentive schemes:
(1) the Seed Capital Scheme and
(2) the Business Expansion Scheme
The Seed Capital Scheme provides for a refund of tax already paid by an individual, when that individual sets up and takes employment in a new qualifying business. The Business Expansion Scheme provides tax relief for investment in certain corporate trades.
For more information check Revenue.
Microfinance Ireland has been funded by the Irish Government to provide loans to newly established and growing micro-enterprises across all industry sectors that do not meet the conventional risk criteria applied by banks. In the first instance, you should approach your bank for credit. In the event that credit is declined, you are eligible to apply to Microfinance Ireland for a loan.
Microfinance Ireland works in partnership with the Local Enterprise Offices who can assist with training and guidance in preparing your business plan. They will also conduct an initial evaluation of the quality of your business proposal for a loan application.
Established in 2012, Microfinance Ireland is now open for business and accepting qualifying applications. The company offers loans to viable businesses that have been declined for credit by a bank and are seeking up to €25,000.
Some of the links above bring you to external websites. Your use of the external website is subject to the terms of the site.