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Tag: #IBYE

  • IBYE 2018 is Launched by Minister for Enterprise & Innovation

    Press Release :

    Local Enterprise Office Roscommon confirms €50,000 county investment fund available

    Tánaiste and Minister for Enterprise and Innovation, Frances Fitzgerald T.D. and Minister of State for Business, Pat Breen T.D., have launched the national search to find Ireland’s Best Young Entrepreneurs (IBYE 2018) through the Local Enterprise Offices.

    IBYE is a programme run by the 31 Local Enterprise Offices (LEOs), including LEO Roscommon, with the support of the Department of Enterprise & Innovation and Enterprise Ireland. The competition is open to people between the ages of 18 and 35 with an innovative business idea, new start-up or established business.  Now in its 4th year, IBYE has an investment fund of up to €2 million. The closing date to enter this year’s competition is Friday, 29th September 2017,  and there is a €50,000 county investment fund on offer to local winners and runners-up in Co Roscommon.

    Visit http://www.ibye.ie/

    IBYE 2018 promo pic

    Speaking at the national launch, the Tánaiste said: “Building on the success of previous IBYE competitions, this Government wants to support more young entrepreneurs right across the country through the LEOs. Ireland has a well-earned reputation as a country that supports and fosters enterprise. Our young entrepreneurs are talented, innovative and dynamic. Last year, 180 young entrepreneurs won investment funding for their businesses through IBYE, helping them reach their export and job growth potential. I would encourage all young entrepreneurs, between the ages of 18 and 35, to talk to their LEO about the IBYE 2018 programme and the valuable supports available throughout the various stages of the competition.”

    Minister of State for Business, Pat Breen T.D., said: “IBYE offers a very significant stepping stone into the world of running your own business for young people aged 18 to 35. It’s not just the scale of the investment fund on offer that makes IBYE so important, IBYE 2018 entrants can go on to receive intensive enterprise boot camp training from their LEO under the programme, to help them establish and develop their entrepreneurship careers. Now in its 4th year, IBYE has proven to be a great success in all the regions with more than 1,800 applying across the country last year. I would encourage young people with a business idea or currently running a business to apply for IBYE before the deadline of 29thSeptember, 2017.”

    Louise Ward, Head of Enterprise at Roscommon LEO, said: “The substantial investments available under IBYE are a very important part of the programme and will help more young entrepreneurs here locally to grow their businesses and create more jobs. Other business supports, such as management training, networking and one-to-one mentoring are also at the heart of IBYE. Last year, 450 young entrepreneurs all over the country benefitted from these business supports and 180 of them won investment funding to help start and grow their own businesses, so the rewards are there for participants, as well as for the winners. Taking part in IBYE will help Ireland’s young entrepreneurs move their businesses to the next level with the support of their Local Enterprise Office, whatever stage their business is at.”

    IBYE 2018 is run locally by Local Enterprise Office Roscommon across three categories:  Best Business Idea, Best Start-Up Business and Best Established Business.

    With an IBYE investment fund of €50,000, LEO Roscommon will award up to six investments to three category winners and three runners-up at county level. The local winners in the Best Start-Up and Best Established Business categories at county level will receive investments of up to €15,000 each and the two runners-up will each receive up to €5,000.

    The Best Business Idea winner at county level will receive an investment of up to €7,000 and the runner-up will receive up to €3,000 of investment. These winners at county level will progress to Regional Finals early next year and the National IBYE Finals will be held in March 2018.

    Previous Co Roscommon winners and runners-up of IBYE have included :

    2014:

    Mark Bannon, Vizor Technology Ltd., Bealnamullia, Athlone (Best Business Idea and Overall County Winner)

    Niamh Cunningham, Irrelevant Fish, Lisacul, Ballaghaderreen (Best Start-Up)

    Mark Molloy, Honest Bread & Cakes Ltd., Roscommon town (Best Established Business)

    2015:

    Oz Ibrahmi, Hex CNC, Knockvicar, Boyle (Best Established Business and Overall County Winner)

    Mark Bannon, Vizor Technology Ltd., Bealnamulla, Athlone (Best Start-Up)

    Enda Mahon, Progrip, Cloonee, Ballymoe (Best Business Idea)

    2016:

    Desmond Dolan, MistCalls, Cortober  (Best Business Idea and Overall County Winner)

    Kyle Flynn, Heather Fed Fowl, Ballyfarnon, Boyle  (Runner-Up : Business Idea Category)

    Kyle McLoughlin, Boyle Posude T/A SubTeacher.ie, Boyle (Best Business Start-Up)

    Neil Patrick Collins, Cryptic Clique, Castlerea (Runner-Up:  Start-Up Category)

    Eoghan Kenny, Project 5 Creations T/A BeltLock.ie Rathpeak, Ballinasloe (Best Established Business)

    Brian Larkin, Centrepoint Autos, Hodson Bay, Athlone   (Runner-Up : Established Business Category)

    IBYE 2018 – Categories :

    1. Best Business Idea (pre-trading) – up to €10,000 investment fund through every LEO (€7,000 for category winner and €3,000 for runner-up, through every LEO)
    2. Best Start-Up Business (up to 18 months) – with up to €20,000 investment fund through every LEO (€15,000 for category winner and €5,000 for runner-up, through every LEO)
    3. Best Established Business (over 18 months) – with up to €20,000 investment fund through every LEO (€15,000 for category winner and €5,000 for runner-up, through every LEO)

    IBYE 2018 – How to Enter :

    Local entrepreneurs between the ages of 18 and 35 should visit the IBYE website at www.ibye.ie, to submit their applications online.

    The closing date for entries is Friday, 29th September, 2017 and there are no entry fees.

    Further information for Roscommon entrants is available from https://www.localenterprise.ie/Roscommon or by calling me on 086-8318748.

  • IBYE Ireland’s Best Young Entrepreneur 2015

    Ireland’s Best Young Entrepreneur (IBYE) – Countrywide Search Begins (Official Press Release)

    Competition to find Ireland’s Best Young Entrepreneur, aged between 18 and 30, launched by An Taoiseach and Minister Bruton

    Up to €50,000 investment prize-fund for three local winners, through Local Enterprise Offices.

    The Taoiseach, the Minister for Jobs, Enterprise and Innovation  and the Local Enterprise Offices have launched the search to find Ireland’s Best Young Entrepreneur (IBYE), with a total investment fund of €2 million available nationally and up to €50,000 on offer for three local winners.

    Aimed at those aged between 18 and 30 in every county, the competition is an integral part of the Action Plan for Jobs and is supported by the Department of Jobs, Enterprise and Innovation through Enterprise Ireland and the Local Enterprise Offices.

    IBYE
    IBYE 2015

    The Taoiseach and Minister Bruton urged all young people with a start-up or a business idea to apply through their Local Enterprise Office before 31st July. The competition is free to enter, and further information is available from the Local Enterprise Offices (www.localenterprise.ie) as well as at www.ibye.ie.

    The first stage is a county-based competition, with a closing date of July 31st through the Local Enterprise Offices, leading to the naming of the Best Young Entrepreneur in each county. This will be followed by eight regional finals, with one young business-person being crowned Ireland’s Best Young Entrepreneur later in the year, at the national finals in Google’s European HQ in Dublin.

    Up to €50,000 will be awarded to three winners in each county. The winners at national level can then receive up to an additional €50,000 and over 400 young entrepreneurs will also win places at regional Business Bootcamps with mentoring supports, to further develop their business skills.

    During last year’s highly successful inaugural competition, over 1,000 applications were received, 400 young entrepreneurs took part in Business Bootcamps and 93 young entrepreneurs throughout every county in Ireland won cash investments for their businesses.

    At the first-ever National Final, Eamon Keane of Xpreso Software in South Dublin clinched the overall title of ‘Ireland’s Best Young Entrepreneur’ for his parcel delivery software company, ahead of runners-up from the tourism and food sectors.

    The aim of the initiative is to support a culture of entrepreneurship among young people in Ireland, to promote entrepreneurship as a career choice and to encourage Ireland’s young people to set up new businesses which will ultimately create jobs.

    Part of the effort to attract applications from young people both in Ireland and abroad will be a comprehensive social media and marketing campaign.

    Launching the nationwide competition, the Taoiseach, Enda Kenny TD said:  “This Government is determined to support jobs, enterprise and local recovery, and make sure that work pays.  Our vision for Ireland is to be among the most entrepreneurial nations in the world and to be acknowledged as a world-class environment in which to start and grow a business, including for young people with bright ideas.  ‘Ireland’s Best Young Entrepreneur’ is a unique, interactive and challenging competition, but with clear and tangible results, from self-development and networking to the valuable financial aid available to category winners.  Increasing entrepreneurial activity is a core theme of the 2015 Action Plan for Jobs with the aim of doubling the jobs impact of start-ups in Ireland over the next five years.”

    The Minister for Jobs, Enterprise and Innovation, Richard Bruton TD said: “Two thirds of all new jobs are created by start-ups, so if we are to create the jobs we need we must support more entrepreneurs to start new businesses. That is why we have placed start-ups right at the centre of our Action Plan for Jobs, and put in place new measures like establishing a new system of easily-accessible supports through the Local Enterprise Offices.

    “Part of this plan is also fostering a stronger culture of entrepreneurship and promoting start-up business as a career option for young people. That is what is behind this new competition to find the best young entrepreneur in every county in Ireland also ultimately Ireland’s Best Young Entrepreneur. Last year as part of the judging panel in the inaugural IBYE I was overwhelmed by the quality and the energy of the young business-people who took part in this competition. I firmly believe that IBYE can be a crucial means of encouraging more young people to consider entrepreneurship as a career choice and ultimately create jobs. I urge any person under 30 who has a business or a business idea to contact your local LEO or visit IBYE.ie and apply to become Ireland’s Best Young Entrepreneur for 2015”.

    The deadline to apply for this year’s Ireland’s Best Young Entrepreneur competition is Friday, July 31st and the full details are available through www.ibye.ie or by searching #IBYE on social media and YouTube.

    For further information on IBYE, contact your Local Enterprise Office.

    NOTES FOR EDITORS

    Ireland’s Best Young Entrepreneur 2015 (#IBYE)

    Website: www.ibye.ie

    Social Media: #IBYE