Waterford Young Entrepreneurs Set to Benefit from Business Bootcamps

Waterford Local Enterprise Office to invite 15 local entrepreneurs to take part

More than 450 young entrepreneurs around the country, aged between 18 and 30, are set to benefit from a series of Business Bootcamps in September, as part of Ireland’s Best Young Entrepreneur (IBYE) competition.

Waterford Local Enterprise Office (LEO) will invite up to 15 young entrepreneurs to take part, to help them improve their entrepreneurial skills and develop strategies that will help them set-up new businesses, or expand existing ones.

By entering this year’s competition before the July 31st deadline, any young entrepreneur with a business idea or already in business is in with the opportunity of getting to Business Bootcamp, which is being run by Waterford LEO.

Through the Business Bootcamp programme of Ireland’s Best Young Entrepreneur competition, more than 450 young people from every county in Ireland will be supported along their start-up journeys. To increase their chances of success, young entrepreneurs will learn about business strategy, finding the right target markets, assessing risk and financial planning, to help them build solid businesses that will create jobs.

Business mentoring will also form a critical part of the training programme, which will be tailored to the needs of those taking part. Richie Walsh, Head of Enterprise at Waterford Local Enterprise Office said:  “To help our young entrepreneurs refine and improve their business plans and proposals, expert mentoring on a one-to-one basis from highly experienced Waterford business people will be offered through the Business Bootcamps. They will also be shown how to apply business and leadership skills to their own local businesses, helping them make the move from theory into practice.”

Following on from the Bootcamps, the young entrepreneurs then progress to the Waterford county final stage of Ireland’s Best Young Entrepreneur competition. There, three local winners will share in a €50,000 investment fund for the county, broken down as follows: ‘Best New Idea’ winner will receive up to €10,000, ‘Best Start Up Business’ winner will receive up to €20,000 and finally, ‘Best Established Business’ winner will also receive up to €20,000.

The three winners will represent their Local Enterprise Office at the Munster final in October, with the national final taking place in December to announce Ireland’s ‘Best Young Entrepreneur’ for 2015.

The closing date for entries in this year’s IBYE competition and an the opportunity of getting to the the Business Bootcamp is Friday, July 31st through www.ibye.ie. Further details are also available by contacting Paul Curley at Waterford Local Enterprise Office on (051) 849905 or pcurley@leo.waterfordcouncil.ie.