You have to pay the money back--with interest of course. ;)

No, I think that's more a guideline for selection--they aren't looking to fund lifestyle businesses. This is a government run fund and is meant to provide a boost to the economy.

I would imagine that they expect your business plan and projections to be able to satisfy these criteria.

If you're already eligible to work in Ireland (a requirement of the grant), I'm pretty sure the Department of Enterprise doesn't have the power to deport people ;)

Pretty sure from what I read the American startup visa was tied to your business continuing to run. Thought this may be a similar type of thing, guess this into tied to visa requirements though.