Longford Local Enterprise Office has announced a new county-wide competition to find Longford’s Best Young Entrepreneur.
A total prize fund of €50,000 is available to invest in three winning businesses, with €25,000 set aside for the overall winner. Mentoring, marketing, and other supports will be available to participants at various stages of the contest.
The competition is open to individuals aged 30 and under and will be judged in three categories: best new idea, best start-up business, and best established business with new add-on.
“The aim of the initiative is to encourage and support a culture of entrepreneurship among young people in Ireland, to promote entrepreneurship as a career choice, and to encourage the establishment and development of new innovative businesses by Ireland’s young entrepreneurs,” said the Minister for Jobs, Innovation, and Enterprise, Richard Bruton.
“This is hugely important for job creation as two thirds of all new jobs are generated by businesses in the first five years of existence - more start-ups and a thriving entrepreneurial culture will lead to more jobs being created.”
There have been expressions of interest from television production companies on the possibility of covering the later stages of the competition in a reality TV format.
The deadline for entries is June 30. To apply, go to http://localenterprise.ie/Longford or contact Longford Local Enterprise Office on 043 3343346.