independent

Friday 19 September 2014

Chance for young entrepreneurs to pitch their ideas

Published 26/07/2014 | 12:00

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For the first time, budding young Wexford entrepreneurs can pitch their business ideas to the Local Enterprise Office and compete at county level for an investment fund of €50,000 to jump start their business.

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Based on the RTE television series 'Dragon's Den', the applicants have until July 31, to send in their applications for a chance to face, an experienced local judging panel and battle for the generous investment funding, as well as marketing supports and resources from the local business gurus.

Breege Cosgrave who is the local business adviser, said the only condition is that applicants are under 30 years of age because the Local Enterprise Office wants to encourage young people to get started in business.

'Anything goes in this competition. People should not be afraid to apply, because education or experience are not important, but this does offer an amazing opportunity for any young person with entrepreneurial flair,' she said.

'So far we have received 25 applications but there are still two weeks to go and we expect alot more. We are also considering a boot camp to provide all the entrants with further training,' she said.

The three prize categories are for Best New Idea for Business, Best Start-up Business, and finally for Best Established Business with new add on.

The first round of interviews are expected to be held at the end of August or start of September.

The competition is open to all sectors at county and regional levels, and it culminates in a national final. The overall national winner's fund is for €100,000 .

Anyone interested in applying for the competition can check out the web site http://www.ibye.ie/ or call the local office on 053 91 960 20

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