High Potential Start-Up (HPSU) Fund

The High Potential Start-Up (HPSU) Fund is an Enterprise Ireland grant program supporting innovative early-stage businesses in Ireland with the potential to generate at least 10 jobs and €1 million revenue within three years. Unlike traditional grants, HPSU funding offers flexible use of capital that doesn't need to be allocated to specific business plan elements or milestones. This program targets high-growth startups seeking scalable funding to accelerate their development and market expansion.

High Potential Start-Up (HPSU) Fund is another of Enterprise Ireland’s grant programs for startups.

High Potential Start-Ups (HPSUs) are defined as innovative early-stage businesses that have the potential to create at least 10 jobs and €1 million revenue within the first 3 years of operations.

Unlike standard funded grants, the funding doesn’t necessarily need to be spent against a specific element of a business plan (e.g. R&D) or milestone. Instead, companies can use the funding any way they like, as long as it goes in accordance with their business plan.

Yet, you will have to prove at least 15% of your expenses are R&D in order to be eligible for the grant.