€20,000 funding for two ‘Start-up’ young entrepreneurs in South Dublin

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Local Enterprise Office South Dublin is calling on start-up entrepreneurs (businesses up to 36 months old) to enter this year’s €2 million Ireland’s Best Young Entrepreneur competition before the October 14th deadline.

The Best Start-Up Business category is one of three categories in the IBYE competition, which is aimed at young business owners aged 35 and under.

Local Enterprise Office South Dublin has a county investment fund of €50,000 and the local winner of the Best Start-Up category will receive €15,000 with the runner-up receiving €5,000.

Last year’s national winner of the start-up business category was Diarmuid Byrne of Equi Ratings in Carlow, a sports analytics company for the equestrian market.

The local winner of the Best Start-Up category last year was Eugene Murphy from Muscrai Suction Excavation Ireland Ltd in Perrystown, Dublin 12, who reached the Dublin Regional final to pitch his business to Sean Gallagher, formerly of Dragon’s Den fame.

Speaking about IBYE, the Minister for Jobs, Enterprise and Innovation, Mary Mitchell O’Connor T.D. said:

“It is our nation’s young people who will create the jobs of the future and I want more of our young people to make running a business a career choice.

“So, be brave, this is the opportunity to realise your dream. IBYE offers funding investment and mentoring to young and ambitious entrepreneurs which has proven to be invaluable to previous entrants.

“I would encourage all between 18 and 35, and in particularly those with established businesses, to grasp the opportunity that IBYE offers and get your application to www.ibye.ie by the 14th October deadline.”

Colm Ward, Head of the Local Enterprise Office South Dublin said:

“Once a company successfully comes through the start-up phase, growing an established business presents its own unique set of challenges.

“In addition to the significant investment funding on offer through the IBYE competition, every Local Enterprise Office will be inviting young entrepreneur entrants, including young start-up business owners, to take part in regional Business Bootcamps, with access to expert guidance and mentoring to help them overcome these challenges.”

Ireland’s Best Young Entrepreneur (IBYE) is an initiative of the Department of Jobs, Enterprise and Innovation and Enterprise Ireland, and is run by the 31 LEOs across the country.

The other two categories in the competition are Best Business Idea and Best Business Start-Up.

Further details about the IBYE competition, which is open to 18 to 35 year-olds, are available from the 31 Local Enterprise Offices nationwide, through www.localenterprise.ie and from the IBYE website at www.ibye.ie