IBYE 2018 is now open for applications!

IBYE 2018 is now open for applications. Local Enterprise Office Mayo is now calling on all young entrepreneurs and aspiring young entrepreneurs to apply for the title of Ireland's Best Young Entrepreneur 2018 and claim the significant investment funds that accompany this prestigious title.

The 29th of September 2017 is the closing date for applications so get applying now or notify the young eligible entrepreneur in your life of this opportunity! For all eligibility and guidelines for the competition please visit www.ibye.ie.

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.

Last year Nigel O’Reilly from Nigel O’Reilly GoIBYE winner group1ldsmith clinched a place in the national final of Ireland’s Best Young Entrepreneur (IBYE) competition having won the Best Established Business category in Mayo in 2017. 

About IBYE

  • 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 September 29th 2017), 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.
  • 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 2018.
  • Three national finalists, one for every category, are currently being selected to represent that Region at the National Final in March 2018.
  • 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.

 

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