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Business cubs show their teeth

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The Rebel county's best young entrepreneurs were duly honoured at an awards ceremony hosted by Cork's three local enterprise offices last Thursday in County Hall.

The nine winners who were chosen from almost 40 entrepreneurs who had been shortlisted from almost 150 applicants. The competition which was launched in the summer by the LEOs was part of a nationwide search to find the best talent around the country.

There was an added incentive for any budding entrepreneur to pitch their marker as there was a combined €150,000 investment fund up for grabs.

The competition, which called for young entrepreneurs aged 30 and under from all over Cork to 'just do it, like' and apply,' was judged in three distinct categories following the presentation of their business plan to judging panels in their specific region. The three best categories; Best new idea; best start up business; best established business with new add-on.

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Donogh Murphy from Millstreet won the best new category and he scooped a €10,000 investment for his company 'MaxExam.ie' from LEO Cork North and West.

He is developing an e-commerce company and aims to position itself to become a market leader in offering tuition as well as benchmarking to secondary school students in STEM subjects.

In the Cork North and West competition, the best 'Start-Up Business category' was won by brothers, James and Peter Nagle from Rosscarbery for their business 'The Crypto Broker,' This is one of the leading Bitcoin brokers in Ireland and one of the leading Litecoin brokers in Europe.

With the €20,000 investment from LEO Cork North and West, they now plan to establish their own crypto currency exchange platform and will use the investment to develop the exchange platform.

The winner of the Best Established with new Add-on category, winning €20,000 investment in her company was Bandon's Caroline Crowley for 'CPC Outsourcing'. Caroline's company provides tax and accountancy services for firms, which are mainly London based but now expanding throughout the UK.

The next stage of the national competition will see all nine Cork winners go forward to represent their LEO in a regional final in November, and if successful they will in turn fly the Cork flag at the national final to find 'Ireland's Best Young Entrepreneur' at the end of the year.

Michael Hanley, Head of Local Enterprise, Local Enterprise Office Cork North and West said: "The aim of this initiative was to encourage and support a culture of entrepreneurship among young people in Cork, to promote entrepreneurship as a career choice, and to encourage the establishment and development of new innovative businesses by Cork's young entrepreneurs."

He said: "We would like to commend all these brave young people who have decided to take the next step in to making their business dream a reality, and we wish them all the very best in their entrepreneurial journey ahead.

"Best of luck to the nine Cork winners who will fly the Cork flag in the regional final next month; and who knows, with the Cork region being heralded as the entrepreneur's hub of Ireland, the overall national winner could indeed be from Cork."

Visit www.ibye.ie for more information on 'Ireland's Best Young Entrepreneur'.


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