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Search for Kildare's Best Young Entrepreneur

 Press Release

Search for Kildare’s Best Young Entrepreneur

 

€50,000 investment fund to support young Kildare

Entrepreneurs, aged 18 to 35

 

Local Enterprise Office (LEO) Kildare has launched the search to find Kildare’s Best

Young Entrepreneur and ultimately Ireland’s Best Young Entrepreneur (IBYE).

Could it be you?

 

With a €50,000 investment fund available for Kildare winners, this national enterprise

initiative attracted 1,842 applications across the country last year and supported over

450 young entrepreneurs through training, mentoring and direct financial assistance.

 

Announcing the start of this year’s programme, Tánaiste and Minister for Enterprise

and Innovation, Frances Fitzgerald T.D. said,

 

“Building on the success of previous IBYE competitions, this Government wants to

support more young entrepreneurs right across the country through the LEOs. Our

young entrepreneurs are talented, innovative and dynamic. Last year, 180 young

entrepreneurs won investment funding for their businesses through IBYE, helping

them reach their export and job growth potential.

 

I would encourage all young entrepreneurs, between the ages of 18 and 35, to

talk to their LEO about the IBYE programme and the valuable supports available

throughout the various stages of the competition.”

 

The initiative is co-ordinated by all 31 LEOs and begins with a nationwide

competition across 3 categories at county level: Best Business Idea, Best Start-Up

and Best Established Business.

 

Around 450 applicants across every Local Authority area will be invited to regional

Entrepreneur Bootcamps in November to help them develop their business and new

venture ideas.

 

With an investment fund of €50,000, LEO Kildare will award 6 investment prizes to 3

category winners and 3 runners-up before the Regional Finals early next year.

 

The local winners in the Best Start-Up and Best Established Business categories will

receive €15,000 each and the two runners-up will each receive €5,000. The Best

Business Idea winner locally will receive an investment prize of €7,000 and the

runner-up will receive €3,000.

 500 x 375

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Head of Enterprise in Kildare, Jacqui McNabb explains: “The €50,000

investment fund for Kildare winners is a very important part of the competition and

will help more young entrepreneurs to grow their businesses and create more jobs

here locally. Other business supports, such as management training, networking and

one-to-one mentoring are also at the heart of the IBYE competition. 450 young

entrepreneurs benefitted from these business supports last year, so the rewards are

there for participants, as well as for the winners.

Taking part in IBYE will help Ireland’s young entrepreneurs to move their businesses to the next level, whatever stage their business is at.”

 

Councillor Martin Miley Jnr, Mayor of County Kildare said: “Now more than ever

before, Local Authorities are connecting with young and aspiring entrepreneurs,

through our LEOs. We are very keen to ensure that anyone with a good idea for a

business is given the necessary encouragement and support every step of the way.

There is a wealth of innovative thinking among our bright and increasingly confident

young population. It is very important that we harness this resource to encourage

enterprise locally. This will in turn create much needed sustainable employment and

economic wealth throughout the country.”

 

The competition is now in its 4th year and among last year’s local winners were:

Jenny Reynolds of Topper Technology in the Best Business Idea category and Eoin

Mulvey of Labcup in the Best Start-Up Business category.

 

To enter, young entrepreneurs between the ages of 18 and 35 in Kildare can submit

their entry online at www.ibye.ie. The closing date to enter is Friday, September 29thand there is no entry fee.

 

 

 

 

 

 

ENDS                                                                                                 31 August 2017

 

For all media queries, please contact your Local Enterprise Office

 

Notes to Editor

 

Photography Note: High resolution images are available, reproduction-free, from your Local Enterprise Office.

 

Picture L to R: Mayor of Kildare Cllr Martin MileyJnr, Ms Jenny Reynolds of Topper Technology, Ms Jacqui McNabb Head of Enterprise, Local Enterprise Office Kildare, Ms Doreen Heavey Assistant Business Advisor, Local Enterprise Office Kildare.

 

Ireland’s Best Young Entrepreneur 2018 (#IBYE)

 

Website: www.ibye.ie (closing date to enter: Friday, September 29th 2017)

 

IBYE: Facts & Figures

 

– A €2 million investment fund with targeted business development supports.

 

3 categories: Best Business Idea, Best Business Start-Up and Best Established Business.

 

– Co-ordinated by all 31 Local Enterprise Offices across the entire Local Authority

Network. Supported by the Department of Jobs, Enterprise and Innovation and Enterprise Ireland.

 

– A record number of entries last year with 1,842 competitors, coming from every county in Ireland.

 

450+ places at Entrepreneur Bootcamps.

 

Up to 186 local winners and runners-up, sharing investments of between €3,000 and €15,000 each.

 

8 Regional Finals.

 

– Investment fund of €100,000 for national winners and runners-up.

 

Ireland’s Best Young Entrepreneur is a programme that is open to people between the ages of 18 (at date of application) and 35 (at 31st December 2017) with an innovative business idea, including:

 

• individuals

• venture teams

• partnerships

• existing businesses with a new idea

• people overseas (including Irish emigrants) who will headquarter in Ireland

 

Each Local Enterprise Office (LEO) is running a competition in each county (September 29th closing date) aimed at finding winners in each of the three categories as well as an overall county winner.

 

Each LEO will have a total fund of up to €50,000 to invest in six businesses (three category winners and three runners-up) according to criteria including businesses’ investment needs.

The three categories are as follows:

 

Best Business Idea (pre-trading) – up to €10,000 investment fund through every LEO (€7,000 for category winner and €3,000 for runner-up, through every LEO)

 

Best Start-Up Business (up to 18 months), with up to €20,000 investment fund through every LEO (€15,000 for category winner and €5,000 for runner-up, through every LEO)

 

Best Established Business (over 18 months) with up to €20,000 investment fund through every LEO (€15,000 for category winner and €5,000 for runner-up, through every LEO)

The county winners will then proceed to eight regional finals from which 24 contenders (three from each region – one in each category) will be selected to compete for the national title of Ireland’s Best Young Entrepreneur.

 

A further €100,000 investment fund will be available to invest in the winners of the three categories at the national final, one of which will also be named as Ireland’s Best Young Entrepreneur for 2018.

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