Search for Carlow’s Best Young Entrepreneur starts now- Deering

19th August, 2016

€2 million investment fund to support young entrepreneurs, aged between 18 and 35

Pat Deering Fine Gael TD for Carlow was speaking today following the launch of the latest search to find Ireland’s Best Young Entrepreneur (IBYE) which is getting underway in Carlow this week, through Local Enterprise Office Carlow.

Deering stated “there is a €2million investment fund available, including a €50,000 investment fund for Carlow winners, the enterprise initiative is supported by the Department of Jobs, Enterprise and Innovation and Enterprise Ireland which was announced by the Minister for Jobs, Enterprise and Innovation, Ms. Mary Mitchell O’ Connor T.D.

“The search to find Ireland’s Best Young Entrepreneur is one of the most exciting initiatives to create new businesses and new jobs in recent years. IBYE generates that “can-do” spirit in which young people excel. The first-stop-shop to get advice and support on starting a business is your Local Enterprise Office.

Deering added “I would encourage all young entrepreneurs, between the ages of 18 and 35 to talk to their Local Enterprise Office about the IBYE programme and discuss their business ideas.”

The initiative is co-ordinated by all 31 Local Enterprise Offices and begins with a nationwide competition across three categories at county level: Best Idea, Best Start-Up Business and Best Established Business.

With an investment fund of €50,000, Local Enterprise Office Carlow will award six investment prizes to three category winners and three runners-up, before the Regional Finals early next year.

The local winners in the Best Start-Up and Best Established Business categories will receive €15,000 each and the two runners-up will each receive €5,000. The Best Business Idea winner locally will receive an investment prize of €7,000 and the runner-up will receive €3,000.

The competition is now in its third year and last year’s local winners were: Cory Stephen, College Craic in the Best Business Idea category; Diarmuid Byrne & Sam Watson, EquiRatings in the Best Start-Up Business category and Rachel Doyle, RaRa Photography in the Best Established Business category. The County’s Best Young Entrepreneur for 2015 was Diarmuid Byrne & Sam Watson EquiRatings.

To enter, young entrepreneurs between the ages of 18 and 35 in Carlow are being asked to visit the competition website at www.ibye.ie, to submit their entry online. The closing date to enter is Friday, October 14th and there is no entry fee.