Carlow Entrepreneur Reaches National Final

 

The National Final of the €2million IBYE competition will take place on 5th March in Dublin

Local Enterprise Office Carlow has confirmed that Kate Gaynor from Advanced Coatings in Carlow has clinched a place in the national final of Ireland’s Best Young Entrepreneur (IBYE) competition in Dublin this March.

The 33-year-old is competing in the Best Established Business category and is one of three young entrepreneurs who will represent Wexford, Carlow, Kilkenny and Wicklow on March 5th. The local entrepreneur now has the opportunity, along with 23 other national finalists, to become Ireland’s Best Young Entrepreneur and share in a €100,000 winners’ investment fund.

The three category winners who will go forward to the National Final were selected at the IBYE Regional Final in Wexford County Council offices on January 31st. The two other national finalists who were selected by the judging panel are: Cathal O’Sullivan (GameX) from Wicklow in the Best Business Idea category and Shane Bonner (Newmarket Kitchen) from Wicklow in the Best Start Up category.

Kieran Comerford the Head of Enterprise with Local Enterprise Office Carlow congratulated the local entrepreneur, saying: “Our search to find and support Ireland’s best young entrepreneurs, which started last September, has turned up some incredible business talent. Our local entrepreneurs are the business leaders of the future and the entrants in the competition have all shown innovation and drive. After a very successful bootcamp, County Final and now Regional Final, the county will be proudly represented in the ultimate stage of the competition – the IBYE National Final in March.”

Judging takes place in early March and each finalist will have the opportunity to pitch their business plan to the judging panel. They will be assessed on criteria such as the level of innovation in their business, the potential for future job creation and their leadership skills.

The Carlow finalist owns and manages Advanced Coatings, a specialist paint company. They import a range of highly-functional Scandinavian paints into the Irish market. These paints are factually superior to what is currently available in the market. Advanced Coatings have been selling this brand, Tikkurila, for the past 20 years in Ireland, but only the industrial range and now wish to tap into the decorative paint market. Kate’s father set up the business in 1995, he is a paint chemist and he met her mother, a laboratory technician, in a paint laboratory in Cork, so paint is in her blood! Kate’s father and mother have both retired from the business and her brother now works in the business with her as the Technical Director.

Aimed at 18 to 35-year-olds, the IBYE initiative is run by the 31 Local Enterprise Offices (LEOs) nationwide, and supported by the Department of Jobs, Enterprise and Innovation and Enterprise Ireland. The investment awards will be used by the young entrepreneurs to help fund business start-ups, create new jobs locally and help develop new products for international markets.

Competition details and results are available from www.ibye.ie and information around the supports available to young entrepreneurs through the Local Enterprise Offices is available from www.localenterprise.ie

ENDS

For media queries, interviews or photography requests, please contact your Local Enterprise Office.

Notes to Editor:

About IBYE:      www.ibye.ie

  • Ireland’s      Best Young Entrepreneur (IBYE) is an enterprise initiative run by the 31      Local Enterprise Offices around the country and funded by the Department      of Jobs, Enterprise and Innovation      and Enterprise Ireland. A €2 million investment fund is available through      IBYE which supports young entrepreneurs through training, mentoring and      direct financial investments.
  • During      the application phase (closing date of October 14th 2016), the      competition was open to those aged between 18 and 35 with an innovative      business idea, new start-up or established business, including:      individuals, venture teams, partnerships, existing businesses with a new      idea, or people overseas (including Irish emigrants) who will      headquarter in Ireland.
  • A      record 1,842 young entrepreneurs submitted entries to the current competition,      a 32% increase on the previous year.
  • The      three categories and county prize funds were 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 36 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 36 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)

  • At the County Final stage before Christmas, winners and runners-up were awarded investment funds and category winners were then invited represent their area at one of eight Regional Finals in January and February 2017.
  • Three national finalists, one for every category, are currently being selected to represent that Region at the National Final in March 2017.
  • A total of 24 national finalists will compete to become “Ireland’s Best Young Entrepreneur”, with a €100,000 investment fund to be shared between prize winners on March 5th.

IBYE Regional Finals: Venues

Waterford, January 19th (with young entrepreneurs representing LEO Waterford, LEO Cork City, LEO Cork North & West and LEO South Cork). Venue: Crew’s Restaurant, Dungarvan, Co. Waterford (evening event). Three young entrepreneurs will be selected to represent this region at the National Final in March.

Clare, January 23rd (with young entrepreneurs representing LEO Clare, LEO Kerry, LEO Limerick and LEO Tipperary). Venue: Bunratty Castle Hotel, Bunratty, Co. Clare (evening event). Three young entrepreneurs will be selected to represent this region at the National Final in March.

Meath, January 24th (with young entrepreneurs representing LEO Meath, LEO Cavan, LEO Louth and LEO Monaghan). Venue: Clonabreany House, Kells, Co. Meath (evening event). Three young entrepreneurs will be selected to represent this region at the National Final in March.

Dublin, January 25th (with young entrepreneurs representing LEO Fingal, LEO Dublin City, LEO Dún Laoghaire-Rathdown and LEO South Dublin). Venue: The Westbury Hotel, Balfe Street, Dublin 2 (evening event). Three young entrepreneurs will be selected to represent this region at the National Final in March.

Sligo, January 26th (with young entrepreneurs representing LEO Sligo, LEO Donegal, LEO Leitrim and LEO Longford). Venue: Radisson Hotel Sligo, Rosses Point, Co. Sligo (evening event). Three young entrepreneurs will be selected to represent this region at the National Final in March.

Roscommon, January 27th (with young entrepreneurs representing LEO Roscommon, LEO Galway and LEO Mayo). Venue: Abbey Hotel, Galway Road, Roscommon (lunch-time event). Three young entrepreneurs will be selected to represent this region at the National Final in March.

Wexford, January 31st (with young entrepreneurs representing LEO Wexford, LEO Carlow, LEO Kilkenny and LEO Wicklow). Venue: The Street, Wexford County Council Offices, Wexford (evening event). Three young entrepreneurs will be selected to represent this region at the National Final in March.

Laois, February 1st (with young entrepreneurs representing LEO Laois, LEO Kildare, LEO Offaly and LEO Westmeath). Venue: Heritage Hotel Portlaoise, Co. Laois (afternoon event). Three young entrepreneurs will be selected to represent this region at the National Final in March.