The Ireland Funds launches 2016 Business Plan Competition
8 March 2016 | 0
The Ireland Funds Business Plan Competition 2016 has opened for entries. Now in its fifth year, this competition invites students and recent graduates from Ireland and Northern Ireland to submit their business ideas for a chance to win €10,000. It will also provide mentoring and further support for the winning idea.
The competition is open to under-graduates, post-graduates and recent graduates (within two years of graduation) in Ireland and Northern Ireland. Existing start-ups are eligible as long as the applicants themselves meet the above criteria.
Ivea Labs (pictured) was named winner in 2015 for its project Visit, a way for tourists to receive information on local points of interest on their smartphones over Bluetooth.
“As always, we’re looking for innovative business ideas from Ireland’s early stage entrepreneurs for our competition,” said Caitriona Fottrell, Vice President and Director Ireland, The Ireland Funds. “Convince us that your business idea is the next big thing and we’ll provide you with training and support to help you both develop and pitch your idea. This competition has attracted extremely impressive and creative ideas in the past and we look forward to receiving a wide variety of applications again this year,” she said.
Up to 10 individuals or teams will be selected and given the chance to bring their business ideas from concept to pitch, receiving mentoring and feedback throughout the process. At the final on 22 June, a panel of leading entrepreneurs and venture capitalists from Ireland and the US will review the finalists’ business plans and select the winners. The winner will receive €10,000, whilst two runners up will receive €5,000 and €1,000 respectively.
Applications can be submitted online at www.theirelandfunds.org/bpc. Closing date for entries is 7 April 2016.