Sunday 25 February 2018

Accelerator programme aims to aid business owners over 50 seeking to scale-up

At the launch of ‘Ingenuity’ were David Merriman, head of enterprise development at Bank of Ireland; Peter Dunne of Carbon Conversion Technology, a previous participant in the ISAX mentoring programme; and Anne Connolly, chief executive of ISAX
At the launch of ‘Ingenuity’ were David Merriman, head of enterprise development at Bank of Ireland; Peter Dunne of Carbon Conversion Technology, a previous participant in the ISAX mentoring programme; and Anne Connolly, chief executive of ISAX
Samantha McCaughren

Samantha McCaughren

Ireland Smart Ageing Exchange (ISAX) has launched 'Ingenuity', a new accelerator programme targeted at business owners aged over 50 who are seeking to scale-up their businesses.

The programme is running in conjunction with the DCU Ryan Academy and is sponsored by Bank of Ireland.

The one-day-a-week programme, spread over nine weeks, is designed to address the challenges facing business owners and includes workshops, bespoke mentoring and networking opportunities.

The increase in life expectancy coupled with the reduction in the size of the working population has meant that Ireland's ageing demographic has become one of the key issues facing policymakers.

One in four of those who are self-employed in SMEs, which account for 99.7pc of all Irish business enterprises, are in the 50- to 64-year-old age group.

"It's a myth that scaling your own business is only for young people," said Anne Connolly, chief executive of ISAX.

Niamh Collins, COO of DCU's Ryan Academy, said: "There is a perception that entrepreneurship is a young person's game but the reality couldn't be further from it.

"We support an increasing number of mature entrepreneurs who are key players in Ireland's business world."

The programme is for 20 mature entrepreneurs running their own businesses with fewer than 10 employees.

Sunday Indo Business

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