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FAQs About InterTradeIreland: Business Support, Grants, and Resources

Frequently Asked Questions about InterTradeIreland
  1. What types of businesses does InterTradeIreland support?
    • InterTradeIreland supports a wide range of businesses across various sectors, including technology, manufacturing, food and drink, and more.
 
  1. Can start-ups apply for InterTradeIreland support?
    • Yes, start-ups are eligible for many of InterTradeIreland’s support programs, including grants, advisory services, and training programs.
  1. What is the typical application processing time for InterTradeIreland grants?
    • The processing time varies depending on the type of support, but it generally takes several weeks to a few months.
  1. Are there specific programs for business expansion?
    • Yes, InterTradeIreland offers various loans and grants to help businesses expand their operations and enter new markets.
  1. How can I get personalized advice from InterTradeIreland?
    • You can contact InterTradeIreland directly to schedule a consultation with a business advisor who can provide tailored advice based on your business needs.

Glossary

5-2-5-10-1 Key Terms Related to InterTradeIreland and Business Supports
  • Acumen Programme: A program designed to help SMEs increase their cross-border sales through market research, sales strategy development, and mentorship.
    • Example: A tech firm used the Acumen Programme to develop a cross-border sales strategy, leading to new business opportunities in Northern Ireland.
  • Business Priming Grant: Initial funding provided to start-ups and new businesses to help them establish and grow.
    • Example: A digital marketing agency received a business priming grant to cover initial setup costs.
  • Business Expansion Grant: A grant provided to help businesses grow and expand their operations.
    • Example: A seafood processing business used a business expansion grant to increase production capacity.
  • Fusion Programme: A program that supports innovation and collaboration between businesses and academic institutions.
    • Example: A software company partnered with a university to develop a new AI algorithm using the Fusion Programme.
  • Cross-Border Trade Development Funding: Financial assistance provided to help businesses enter and expand in new markets across the border.
    • Example: A fashion brand used cross-border trade development funding to establish a presence in Northern Ireland.

Resources

5-2-5-11-1 Downloadable Guides and Templates for InterTradeIreland Applications
  • Business Plan Template: A comprehensive template to help you create a detailed business plan for your InterTradeIreland application.
  • Financial Projections Template: A template to assist in developing financial forecasts and projections.
  • Grant Application Guide: A step-by-step guide to help you complete your grant application accurately and effectively.
Useful Links and Further Reading on InterTradeIreland Services
This comprehensive guide to InterTradeIreland provides detailed insights into the services, financial supports, training programs, networking opportunities, and application processes available to businesses in Northern Ireland and the Republic of Ireland. By leveraging these resources, entrepreneurs can gain the support needed to start, grow, and succeed in their ventures.