Good news day for anyone thinking of starting a business. The Minister for Research and Innovation has launched a new entrepreneur recruitment campaign called New Frontiers.
New Frontiers is Ireland’s national entrepreneur development programme which is funded by Enterprise Ireland. The programme is a six-month course, which will focus on giving individuals the entrepreneurial skills needed to set up and run a business. The course will be delivered in 13 Institutes of technology around Ireland. If you are thinking of starting a business or if you are in the early stages of your business start-up this could be an opportunity worth considering.
The Enterprise Ireland website lists all of the benefits of taking part in the programme including business training and mentoring, office space and business incubation facilities and €15,000 from Enterprise Ireland. Enterprise Ireland are encouraging entries from people whose businesses are growth orientated meaning they are planning to achieve a turnover greater than €500,000 and create more than five jobs in three to five years.
250 applicants will be accepted into the first phase of New Frontiers which will be part-time over an 8-10 week period and will help entrants work out their idea’s feasibility and to see whether a reasonable proposition exists. Of those candidates 150 will qualify for a six-month programme, the aim of which is to support participants in the development of an investor-ready business plan.
Interested applicants should contact their nearest participating Institute of Technology directly using the contact details listed on the Enterprise Ireland website.
Income tax liability for the €15,000 will be the sole responsibility of the participant, and individuals are encouraged to seek professional advice in relation to this. If you are applying to take part in the programme and want to put together a business plan Sage has free Planning for Business Software that will help you write a business plan as part of your entry into the programme.