Archive for the 'Business Support' Category

European wiki on internet law

LexeleratorInternet law is a new frontier where SMEs fear to tread, or so says the European Commissions’ ICT Research newsletter ICT Results. The reason, they say, is due to a lack of reliable information about their online legal obligations. To this end, European researchers have just launched an internet law wiki written for non-experts called Lexelerator.

According to the site:

The Lexelerator, or Legal Knowledge Transfer Accelerator, provides you with useful information resources on legal issues in eBusiness through a Legal Wiki and qualified links. Furthermore, it allows you to share your experience with professionals, business colleagues and public officials via on-line tools such as Blogs and a public Forum.

After perusing the site for a while, what I found quite useful was the references within the wiki to relevant EU legal directives. Take for example the entry for e-Signature, which includes the following:

Legal regulations on the electronic signature have been harmonised at the EU level by Directive 1999/93/EC. The Directive defines the e-signature as “data in electronic form which are attached to or logically associated with other electronic data and which serve as a method of authentication”.

County Enterprise Support for your business

It has been a while since I have written a post - too long, way too long. To be honest I have been very busy and neglected my blogging completely. However, just a moment ago I was reading a blog post by Conor O’Neill that has spurned me into action again. I read a lot of Conor’s web writings and he is definitely a guy that gives back a lot of his entrepreneurial  and technology expertise and experiences to all who are willing to listen.

Conor’s post on the Argolon blog (a technology consultancy firm of which he is a director) highlights his frustration at the lack of business take-up on the Tech Check programme offered by the County Enterprise Board. I share Conor’s frustration and strongly encourage all eligible businesses (and that’s most) to apply. However, I am also frustrated with the County Enterprise Boards for not doing more to promote the programme. I work with quite a few small businesses in the jurisdiction of a few CEBs and I am always surprised at how few know anything about the programme and how it could benefit them. I would love to see a breakdown of the number of Tech Checks carried out by each of the CEBs.

Conor highlights some of the great work the CEBs do with regard to training and funding support (Feasibility Study, Small Exporters Scheme, eCommerce support). If I may, I would like to also encourage small businesses out there to look into the Innovation Vouchers scheme run by Enterprise Ireland. This is a great scheme that provides businesses an opportunity to avail of a 5000 Euro voucher to help them with an innovation opportunity.

According to the CSO (2007), in 2004:

  • 82% of industrial enterprises were small firms (less than 50 employees), accounting for a quarter of total industrial employment.
  • 98% of service sector enterprises were small firms, accounting for more than half of total service sector employment.

In addition, the CSO also reported that “small businesses in Ireland tend to have a lower and less sophisticated usage of Information and Communication Technologies than larger enterprises” (Central Statistics Office, 2007, pg. 43).

Furthermore 87% of small enterprises in Ireland are estimated as falling within the micro enterprise classification (Observatory of European SMEs, 2003, pg. 77) of employing less that 10 people and with these micro enterprises estimated at accounting for 52% of all employees in Irish small enterprises (averaging 3 per enterprise).

I think small, and in particular micro enterprises, deserve a lot more support, especially those that don’t fall under the Enterprise Ireland radar (and that’s an awful lot of enterprises).

Central Statictics Office (2007) Small Business in Ireland, Stationary Office, Dublin, Ireland.

New €60m growth fund for Irish SMEs

Staying with the theme of funding, Enterprise Ireland have announced a new €60m growth fund (up to €650,000 per SME) in the latest edition of The Market. The fund aims to

assist SME clients of Enterprise Ireland to achieve greater competitiveness by improving their export potential”

Eligable costs include:

  • capital investment
  • technology acquisition
  • recruitment of key managers
  • consultancy to assist with the implementation of the Growth Fund proposal
  • management development and
  • staff training

Support Limits:

 

Max. Funding

Funding Type

Min. Company Spend

Capital Investment

€300,000

Grant / 50% repayable

€75,000

Technology Acquisition

€300,000

Grant

€50,000

Training & Management Development

No specific limit

Grant

€25,000

Consultancy

25% of total project

Grant

n/a

Recruitment of Key Managers

€200,000

Grant

n/a

Workplace Innovation &
Management Development

No specific limit

Grant

€25,000

Overall Maximum Support for Submission

€650,000

The closing date for applications is the 3rd Thursday of every month (two calls have already closed), currently until the end of 2008.

More information, including eligibility criteria and funding levels, is available at http://www.enterprise-ireland.com/Grow/Finance/Growth+Fund.htm

Eurostars: Up to €750,000 funding available for Irish SME Research

Eurostars LogoEurostars is an EU research fund available to SME’s in the Eurostars participating countries, of which Ireland is one. In Ireland the funding is provided through Enterprise Ireland who will fund up to 50% of total project costs, which typically have a total value of 1.5 million Euro.

The research project must satisfy certain criteria, some of which are:

  • The research must be collaborative which means that there must be at least two participants in the research project, from at least two different Eurostars participating countries (most EU member states plus some others).
  • The main (or lead) participant must be a “research-performing SME”, that is, invest 10% or more of full-time equivalent or annual turnover in research activities.
  • 50% of the research conducted by the project consortia must be conducted by SMEs (the remainder, for example, could be conducted by a research centre with a 3rd level educational institute, a larger organisation, a university, or indeed other SME’s).
  • The research must be aimed at the development of a new product, process or service.
  • The research project must have a maximum duration of three years, and within two years of project completion, the product of the research should be ready for launch onto the market

The next deadline for electronic submission of applications is Friday 21 November 2008 at 1700 CET. You can find out more information from Enterprise Irelands web site.