27 Mar 2024
A Record 17 HPSUs approved in 2023 across CorkBIC Territory
2023 was another very busy year for CorkBIC with over 200 startups participating in events both online and in person, and the CorkBIC team working closely with many fantastic Startups and Entrepreneurs.
We are especially excited to announce that 17 of our client companies qualified for Enterprise Ireland's HPSU (High potential Startups) status. This is a record number of HPSUs from the South West and Mid-West of Ireland. HPSUs are Ireland's stand-out high growth startups, focused on scale and international markets.
The teams CorkBIC have worked with in 2023 were exceptional and included Peigin Crowley founder of sustainable beauty brand Ground; Neurobell who recently spun out of UCC with €2.1million in funding (read the article here); MyGug founded by Fiona Kelleher & Kieran Coffey (pictured above) who completed the Prep for Seed Programme in 2023 and have gone on to win awards with their food waste treatment system.
The HPSUs came from a wide variety of sectors including Fintech, MedTech, Life Sciences, Food, ICT and FemTech but again the ICT sector was strongly represented in our region with companies like Valid8Me, Emotionise, Giyst, Ascend Cloud Solutions securing Enterprise Ireland HPSU Investment.
CorkBIC are so lucky to work with many great Startups & Entrepreneurs who are building Innovative Businesses both in Ireland and internationally. CorkBIC continues to work closely with Enterprise Ireland on a number of initiatives and Programmes like the Pre-Seed Startup Fund (PSSF) (Next Workshop Feb 28) and the Prep4Seed Programme which benefit our clients enormously. The Prep4Seed Programme is delivered by the Irish BICs (CorkBIC, Furthr, South East BIC & West BIC) on behalf of Enterprise Ireland and is focused on companies who are planning a seed funding round in the short to medium term.