Three Local Businesses to win “game-changing” Investment

Ireland's Best Young Entrepreneur Competition gets underway in Waterford, with €50,000 to be won by three local businesses.

Three young enterprising people from Waterford can win a "game-changing" investment for their business, through Ireland's Best Young Entrepreneur competition.

That's according to the Local Enterprise Office which is rolling out the IBYE competition this month.

The enterprising winners, who must all be aged between 18 and 30, will be awarded an investment prize of between €10,000 and €20,000 each to put straight into their business or to help fund a business idea.

The closing date to enter online through www.ibye.ie is Friday, July 31st and the competition is only open to those aged between 18 and 30 with an existing business or with an idea for a new one.

The Waterford Local Enterprise Office (LEO) has €50,000 to invest in three local businesses or start-ups. The three categories in the competition are: Best Idea (€10,000 investment prize), Best Start-Up (€20,000 investment prize) and Best Established Business (€20,000 investment prize).

Last year's county winners were:

  • Waterford's best start-up was Padraig Ó Scanaill. Padraig's company 'FundRecs' develops cloud based reconciliation software for the funds industry.
  • Waterford's best new idea was Conor Browne who developed a social media app called Grumble, designed to connect you with people you already know anonymously and enable you to speak honestly about things you may not necessarily say face to face.
  • Waterford best existing business was Lyndsey Power of the South East's first interactive doggie day care and training centre, Inn the Doghouse. Lyndsey is a qualified dog groomer, trainer and Canine Behaviour Consultant.

In addition to investment prizes, additional supports are being offered to those entering, as Richie Walsh from the Waterford Local Enterprise Office explains: "As well as three local winners, who will share the €50,000 investment fund, up to 500 young entrepreneurs and business owners will also be invited to take part in Business Bootcamps around the country, helping them finely tune their business plans and to learn new enterprise skills. One-to-one mentoring and business coaching will also be available, through all 31 Local Enterprise Offices. This will obviously also apply to Waterford entrants"

July 31st is the deadline to enter the competition through www.ibye.ie and there are no entry fees.

Ireland's Best Young Entrepreneur is supported by the Department of Jobs, Enterprise and Innovation through Enterprise Ireland and the Local Enterprise Offices. Further competition details are available by searching #ibye on social media.

For all queries around Ireland's Best Young Entrepreneur Competition, please contact Paul Curley at the Waterford Local Enterprise Office on 051 849655 or p.curley@leo.waterfordcouncil.ie .

Ireland's Best Young Entrepreneur is a competition that is open to everyone with an innovative business idea

  • individuals
  • venture teams
  • partnerships
  • existing businesses with a new idea
  • people overseas (including Irish emigrants) who will headquarter in Ireland
 

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