HomeFundingThe Ryanair family funds Irish tech startups

The Ryanair family funds Irish tech startups

It’s been reported recently that Ireland’s economy is facing some challenges at this point in time. That said, there are also some positive aspects to the situation right now. With 12.5% company tax, and wages pushed down alongside the cost of living, Ireland seems to be a cheaper place now to do business.

For entrepreneurs across Europe who are interested in starting their business in Ireland, there is now also a new $1.3 million accelerator scheme that is currently taking on applications from early stage tech companies.

The new programme is called Propeller and was started by the Ryan Academy for Entrepreneurship (Update – December 2022: The programme seems to be no longer in business and we therefore deactivated the link).

The scheme was funded by the Ryan family (Ryanair Airline), hence the airline themed name! The new Propeller-fund will incubate about 24 startups over the next 2 years. Experienced mentors will help these startups to succeed, and each of the young companies will get €30K funding and some incubation space in Dublin.

By the way: If you’re a corporate or investor looking for exciting startups in a specific market for a potential investment or acquisition, check out our Startup Sourcing Service!

Thomas Ohr
Thomas Ohr
Thomas Ohr is the "Editor in Chief" of EU-Startups.com and started the blog in October 2010. He is excited about Europe's future, passionate about new business ideas and lives in Barcelona (Spain).

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