Ireland’s Best Young Entrepreneur (IBYE) is a competition conducted through the Local Enterprise Offices of each Irish Local Authority open to entrepreneurs aged between 18 and 30.
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.
The competition is an integral part of the Action Plan for Jobs and a total investment fund of €2million available nationally and up to €50,000 on offer for three local winners. 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.
Local winners will be announced in three categories:
· Best New Idea (pre-trading)
· Best Start up Business (up to 24 months)
· Best Established Business (over 24 months)
Each local winner will then progress to 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.
Eligibility Criteria for Applicants
- Aged between 18 (at date of application) and 30 (at 31st December 2015).
- Applicants aged under 18 at date of application are not eligible to apply
- Original and innovative idea, start-up or existing business.
- Applicants must own, control and manage their business Intellectual Property.
- Not for profit and social entrepreneurship applicants must operate in a commercial domain.
- The applicant must be the main promoter i.e. has the lead role in the business and/or has a significant shareholding in the business.
- In the case of a family business, the applicant must set out when they took control of the business and demonstrate the transformational impact they have had on the business since taking control.
- Applicants must enter the competition in the LEO area in which their business is located.
- IBYE 2014 Winners will be entitled to enter the IBYE 2015 competition if they satisfy the following criteria:
- Enter a different category.
- Enter the same category but demonstrate that the business has used the IBYE 2014 investment productively and has achieved significant commercial milestones since last years competition. These would include evidence of increased employment, increased turnover, improved profitability, engagement with new markets etc.
- Enter a completely new idea or new business.
- Applicants must be Irish residents eligible to own, manage and operate a business in Ireland at the time of application.
- Applicants from overseas in particular Irish diaspora are encouraged to apply. Overseas applicants must identify which LEO they wish to be associate with and the applicant must be in a position to engage with the LEO in relation to evaluating their competition entry (e.g. site visit / skype interview). To receive an investment an overseas applicant must have relocated to Ireland and registered their business in Ireland, that business being the beneficiary of the investment.
- Applicants must submit an online application and optional video by the closing date of the 31st July 2015.
- One project submission per applicant is allowed.
Click here to enter IBYE 2015: http://www.ibye.ie/submit-form/