Ideas for funding technology and export-focused, HSPU companies in Ireland using Irish Government and Bank Support: ei, banks, EU SME Funds, BES and private equity

1. BrógMhóirIall Ideas for Bootstrapping a business in Ireland, with particular focus on Technology

2. Background With the success of the first Outvesting Round at http://www.outvesting.org/, I’m adding to the 1st bootstrap round with a model to increasing funds by 1000% within year one for

3. Why Technology Based? Author has a particular interest in Technology startups Tourism, Travel, Retail and Property sector is over subscribed and under pressure Further investment will displace jobs Manufacturing is high cost setup with high cost base Develop a technology – licence, exdport and exploit

4. The problems... Lots of Irish investor capital has been previously tied up in Property FDI and EU funds have gone into capital projects where property acquisition is often the most expensive part M50, LUAS, Regeneration, Road Network Development of Industrial/Business Parks Factories and (Grant Aid Funds, FDI expenditure)

5. Traditional Investment Model Private investments lean towards 2nd homes, tax incentive properties Revenue Commissioners B.E.S. Scheme probably more awkward and has a very narrow application Tech not as attractive as Retail and Tourism

6. Bootstrap Funding Sources Individual No Technology or Product. Personal Funds €10 - €10,000 Personal Funds And Friends/Family €10 - €50,000 Bank (Personal) €1,000 - €50,000 Local Government Agency €1,000 - €9,000 Business Angel €5,000 - €10,000 Client Order €5,000 - €50,000 Individual. Bootstrap to company New product, technology, invention, software application, idea Bank (Personal & Investment) €5,000 - €1,000,000 Enterprise Ireland €19,000 - €250,000 Venture Capital €100,000 - €5,000,000 BES €10,000 - €50,000 Client Order €5,000 - €50,000 Business Angel €5,000 - €50,000

7. Bootstrap Model Idea & Conceptualisation Yes Idea Validation Product Test/Market Research Do you need Government Support Is product new? Is there demand? No Can it be supported by ei? Yes Private Capital and Government Support Private Capital route

8. Time Funding and Support Actions and Activity External Funds Apply for ei Feasibility Study Match up with a mentor, business partner or angel Year 1 Hire accountants And consultants and prototype partners Apply for bank loan, EU funds and invest private capital €10,000 - €50,000 Use market research and product development students at 3rd level institutions [ Private Equity Gap ] Apply for incubation Complete ei Training Programme Year 2 Build Prototype Prepare for ei R&D Application Market Research Use network to prepare BES, VEC Apply for BES and Matching Bank Funds Year 3 €100,000 - €1,000,000 Prepare Market Strategy Complete First Version of product for Market

9. In Summary Via @PatPhelan, Outvesting.org, By taking an export-potential technology or high growth idea and matching a