Launch of New Frontiers Entrepreneur Development Programme
The Minister for Research and Innovation has launched the New Frontiers entrepreneur development programme, which aims to support the creation of 100 high-value, knowledge-based, Irish-owned businesses each year.
The programme will run over six months and aims to provide individuals with the skills they require to set up and run a business
Benefits of taking part in the programme including business training and mentoring, office space and business incubation facilities, together with €15,000 from Enterprise Ireland.
Enterprise Ireland are encouraging applications from individuals whose businesses are growth-orientated – meaning they are planning to achieve a turnover greater than €500,000 and to create more than five jobs within three to five years.
The three-phase programme, which was outlined in the Government’s Action Plan for Jobs, will be rolled out at 13 Institutes of Technology.
250 applicants will be accepted to the first phase, which will be part-time over an eight-to-ten week period and will help entrants to establish their idea’s feasibility. Of those candidates 150 will qualify for a six-month programme, the aim of which is to support participants in the development of an investor-ready business plan.
Potential applicants should contact their nearest participating Institute of Technology directly to discuss their proposed project.
Contact details for participating institutes are available at the Institutes of Technology Ireland website (http://www.ioti.ie/contact-us).
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