Investment fund of €50,000 available to support young budding entrepreneurs

LOCAL Enterprise Office (LEO) South Dublin have a €50,000 investment fund available to support six budding entrepreneurs.

The fund forms part of the search for Ireland’s Best Young Entrepreneurs 2018.

IBYE launch with props

Launched this week, the programme is run by the 31 LEOs with the support of the Department of Enterprise and Enterprise Ireland and has a total investment fund of €2 million.

The competition is open to people between the ages of 18 and 35 with an innovative business idea, new start-up or established business.

Colm Ward, Head of Enterprise with Local Enterprise Office South Dublin said: “The substantial investments available under IBYE are a very important part of the programme and will help more young entrepreneurs here to grow their businesses and create more jobs. Other business supports, such as management training, networking and one-to-one mentoring are also at the heart of IBYE.

“Last year, 450 young entrepreneurs all over the country benefitted from these business supports and 180 of them won investment funding to help start and grow their own businesses, so the rewards are there for participants, as well as winners.”

The closing date to enter this year’s competition is Friday, September, 29.

The programme is run across three categories: Best Business Idea, Best Start-Up Business and Best Established Business.

 LEO South Dublin will award up to six investments to three category winners and three runners-up at county level.

The local winners will receive investments of up to €15,000 each and the two runners-up will each receive up to €5,000.

The Best Business Idea winner at county level will receive an investment of up to €7,000 and the runner-up will receive up to €3,000.

Winners at county level will progress to regional finals early next year and the national IBYE finals will be held in March 2018.

To enter, local entrepreneurs between the ages of 18 and 35 should visit the IBYE website at www.ibye.ie, to submit their applications online.

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