#IBYE – now with added bonus time!

An extra 21 days have been added to the closing for #IBYE 2015.

You now have until midnight on August 21st to get your application submitted.

Make the most of this bonus time, and enter the competition now!

Aged between 18 and 30 with an outstanding idea/commercial venture for a start-up or existing business then you should enter the IBYE Competition. Almost any young person with a business/business idea can enter this competition. It doesn’t matter what your background is. Maybe you have been to University and researched a business idea, maybe you have always wanted to be your own boss, maybe you want to work for yourself, maybe you have an idea to improve your existing business or maybe you want to return home and set up your business in Ireland?

It doesn’t matter what you want to do all that matters is you have a good business idea that works.

The IBYE competition is a national competition to find Ireland’s best young entrepreneur.

Applying is simple and there is a €2 million investment fund and targeted business supports on offer to help you turn your business idea into a reality. A €50,000 Investment Fund will be awarded to the Category Winners from each of the 31 Local Enterprise Offices, an Investment Fund of a further €100,000 is available for the winners of the IBYE National Final.

The IBYE Competition is broken down into three Categories IBYE Categories

  • business idea

To enter the IBYE Competition you must have a new idea or concept for a business that has not yet commenced trading. This can be an original or unique concept, a new idea for a product or service offering or simply an innovative approach to delivering an existing product or service already on the market. Converting an idea into an actual business requires thinking about your target market i.e. how the product or service offering will be sold, who will buy it and what are the key features/benefits of same.

  • best startup

A start-up business for the IBYE Competition is a business which has started trading and is less than 24 months in existence. This start-up business typically will be at the early development stage. This early development stage of the business may be focused on research, product/service development, market growth, and has potential to grow and expand. It is important that a clear milestone development plan has been agreed for the start-up business.

  • best established

An established business for the IBYE Competition will be trading for more than 24 months. First and foremost this established business must be able to demonstrate a satisfactory track record of success to date. To be eligible to enter this competition the established business must be in position to further develop the existing business This may include a new product/service offering, new market opportunity identified or an innovative approach to changing or adapting the existing business model. Ultimately the plan for the business must deliver a strong economic impact.