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Last week saw the announcement of a €250,000 fund designed  to support new start ups in the agri-business sector.

The fund, known as the Competitive Feasibility Fund for Agri Business Entrepreneurs, is aimed at assisting new start up companies or entrepreneurs. The fund is designed to support scalable innovative technologies, products or services for sale on world markets.

The Irish agri-business sector has an unparalleled reputation worldwide with machinery  exports alone reaching over €100m per annum primarily to the UK and Europe with several Irish machinery companies exporting on a global scale.

Further boosts to the sector are expected with the abolition of dairy quotas in 2015 and  the commitments to the Irish food and agri-business industry in Harvest 2020.

Applications for funding are considered on a competitive basis.

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