Invitation to Tender for Irelands Best Young Entrepreneur (IBYE) Bootcamp

Irelands Best Young Entrepreneur (IBYE) Business Boot Camp Local Enterprise Office Westmeath

 

Request for Quotation re delivery of Services - 2015 

Introduction

Building on the success of the 2014 IBYE competition, the Local Enterprise Office has recently launched the 2015 IBYE programme. Irelands Best Young Entrepreneur is a competition run by the Local Enterprise Offices nationally and is open to anybody who is under 30 years of age with an idea/commercial venture for a start up or existing business. The competition is open to all sectors, structured at County and Regional levels, which culminate in a national final.

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.

The 2015 IBYE competition is open to people aged between 18-30 across 3 categories:

  • Best Idea (not yet trading): County winner receives up to €10,000 investment
  • Best Start Up (trading for 24 months or less): County winner receives €20,000 investment
  • Best Established Business (trading for more than 24 months): County winner receives €20,000 investment

Full information on the programme can be found on www.ibye.ie.

 

Local Enterprise Office Westmeath is seeking quotations for specification and delivery suitable boot camps and mentoring programmes. Issues that should be taken into consideration by those wishing to design and deliver a suitable programme are:

 

Considerations

  • Participants will be at different stages and have differing levels of knowledge and experience of business.
  • Workshop hours are time constrained

How can this be addressed?

  • The content of the workshop is relevant to all stages.
  • Workshop modules will have to be pitched at a high level by virtue of the time constraint, i.e. aimed at providing knowledge and understanding rather than detailed skills development.
  • The extent to which each module can be developed and applied can then be facilitated by appointing mentoring hours to each participant that is commensurate with their needs. The selection process for finalists to participate in the Boot Camp will allow for a preview of the background, stage and needs of each finalists which will be communicated to the trainer/mentor in advance of the workshop.

 

Boot Camp Deliverable

Deliverable is a written business proposal /plan and an Investor Pitch

 

Boot Camp Outcomes for participants

NB: Outcomes will differ depending on the stage of the business

 

Idea Stage / Start Up / Established

  • Assess their entrepreneurial traits and identify their strengths and weaknesses
  • Understand how to identify and assess their target market
  • Assess their own strengths and weaknesses as the primary driver of the business
  • Develop a realistic and achievable strategy for their business –
  • Understand what a business strategy consists of and how to develop one
  • Understand how to identify and assess the key opportunities and risks to their business
  • Understand how to develop a financial plan
  • Define the business proposition
  • Define the business and revenue model
  • Prepare a written investor proposal and pitch
  • Improve their capacity to implement their business strategy
  • Improve their understanding of the key opportunities and risks to their business and how to address them
  • Prepare a realistic financial plan that they are capable of implementing
  • Define the business proposition
  • Define the business and revenue model
  • Prepare a written Investor ready plan
  • characteristics & roles in teams, understanding how teams work, getting the most from your team

 

Boot Camp Methodology

Training providers are required in their submission to present a detailed description of the methodology and content.

It is suggested that the methodology should include case studies.

Ideally, the trainer/s delivering the modules may also deliver the mentoring.

Detailed CVs for each trainer should be provided as part of the RFQ.

 

Mentoring

The mentoring sessions should be aimed at supporting the achievement of the Boot Camp deliverable.

Sessions to be allocated as required depending on participant needs.

Estimated requirement is 3 sessions each for Start up & established and 2 sessions each for Idea.

The allocation of mentoring sessions will be fluid and decided depending on each participant’s needs, which will be determined at the Boot Camp.

Boot Camp time allocation:

Workshop Hours: minimum 16 hours teaching time

Those wishing to quote may design a programme to suit potential participant’s needs.

 

The Local Enterprise Office Westmeath is open to suggestions that the Boot Camp is run at a weekend /during the week to facilitate attendance.

Example time if run at a weekend: Friday 1pm to 6.30pm, Saturday 9am to 5pm, Sunday 9am to 3pm

 

Quote to include:

  • Delivery of workshop
  • Mentoring – session rate
  • Suggested dates (Needs to be completed by end of August 2014)
  • Suggested Venues & Itineraries
  • Boot Camp Budget based on 15 participants

Suggested Modules:

Boot Camp Modules - 10 / 11 modules

You are the Driver of your business – an insight into your entrepreneurial drivers, your capacity as the leader of your business, your strengths and weaknesses. An introduction to leading and working with a Team.

Business Strategy – what does it mean, how to develop it, - what is your business strategy (where you are now, where you want to be in 2 years, what you need to do to get there, how are you going to do it)

Value Proposition - What does it mean, defining your value proposition?

Target Market – identifying your target market

Market Opportunity – assessing competitive landscape, identifying the scale of the opportunity, analysing your position and competitive advantage

Securing Market Share – route to market, pricing, promotion

Risk Assessment – SWOT analysis of Technical, Commercial / Market, Management & Finance Risk & How to address these

Targets & Performance Measurement

Financial planning & sources of finance

Investor Proposal – how to write an investor proposal, how to prepare and deliver the perfect pitch

Optional Additional Module Teamwork– identifying your own and others characteristics & roles in teams, understanding how teams work, getting the most from your team

Quotations and specifications to be returned in hard and soft copy to the details below no later than 4pm on Friday June 12th 2015 to:

 

Local Enterprise Office Westmeath

Aras An Chontae

Mount Street

Mullingar

localenterprise@westmeathcoco.ie

Submissions to be clearly marked ‘IBYE Competition Quotation’

Late applications will not be considered

 

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