Are you Westmeath's Best Young Entrepreneur?

Winning business at county level can receive investment of up to €25,000, national winners eligible for extra investment of up to €50,000

More information and entries can be made on www.ibye.ie or by downloading the IBYE Flyer

Are you Westmeath’s Best Young Entrepreneur?

New competition to find Westmeath’s Best Young Entrepreneur with investment of up to €25,000 available for winner

Winners in Westmeath will proceed to regional and national finals with aim of finding Ireland’s Best Young Entrepreneur

The Taoiseach and the Minister for Jobs, Enterprise and Innovation launched yesterday a new competition to find Ireland’s Best Young Entrepreneur, with a total fund of €2million available to invest in winning businesses at entrepreneurs in every county in the country.

In Westmeath, the competition to find Westmeath’s Best Young Entrepreneur will be run by the new Local Enterprise Office. Winners will be named in three categories – best new idea, best start-up, best new venture for established business – as well as an overall winner who will be Westmeath’s Best Young Entrepreneur.

The Westmeath Local Enterprise Office will have a total fund of €50,000 to invest in the three winning businesses, according to criteria including the prospects and investment needs of each business. The overall winner of Westmeath’s Best Young Entrepreneur can receive an investment of up to €25,000.

Mentoring, marketing and other supports will also be available to participating businesses at various stages of the competition.

The competition is open to individuals aged 30 and under and will be judged under three distinct categories:

  • best new idea

  • best start-up business

  • best established business with new add-on

The first stage will be a county-based competition (run by the 31 LEOs) leading to the naming of the Best Young Entrepreneur in each county. This stage will include boot camps and mentoring programmes. This will be followed by regional finals and ultimately national finals with one business-person being crowned Ireland’s Best Young Entrepreneur before the end of the year.

There have been expressions of interest from television production companies on the possibility of covering the later stages of the competition in a reality TV format.

The aim of the initiative is to encourage and support a culture of entrepreneurship among young people in Ireland, to promote entrepreneurship as a career choice, and to encourage the establishment and development of new innovative businesses by Ireland’s young entrepreneurs. This is hugely important for job-creation as two thirds of all new jobs are generated by businesses in the first five years of existence – more start-ups and a thriving entrepreneurial culture will lead to more jobs being created.

This project is an integral part of the Action Plan for Jobs 2014 and is supported by the Department of Jobs, Enterprise and Innovation through the Local Enterprise Offices.

Applying is simple – go to localenterprise.ie  – and the deadline is 30th June 2014.

The Minister for Jobs, Enterprise and Innovation, Richard Bruton TD said: “Central to our plans for jobs and growth is supporting more businesses to start-up. Two thirds of all new jobs are created by start-ups, so if we are to create the jobs we need we must support more entrepreneurs to start new businesses. That is why we put in place the entrepreneurship forum chaired by Sean O’Sullivan and that is why we established the Local Enterprise Offices to provide more and better Government supports to businesses in one easily-accessible place at local level.

“Part of this plan is also fostering a stronger culture of entrepreneurship and promoting start-up business as a career option for young people. That is what is behind this new competition to find the best young entrepreneur in every county in Ireland also ultimately Ireland’s Best Young Entrepreneur. We have excellent start-ups and entrepreneurs in Ireland – we just don’t have enough of them. I urge young people in every part of the country who is considering starting a business, or who might have a business idea – get involved, pitch your idea, take advantage of the mentoring and the supports, and maybe you will be Ireland’s Best Young Entrepreneur in 2014”.

 

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