A young Longford entrepreneur has won a place at the first-ever national final of ‘Ireland’s Best Young Entrepreneur’ competition, for a chance to share a €100,000 investment fund.
Michéal Savage from Lír Analytical, based in Granard is representing the region (Donegal, Sligo, Leitrim and Longford) in the Best Business Start Up category at the national final in Dublin this December and has already won €20,000 in investment from the Local Enterprise Office.
Ireland’s Best Young Entrepreneur competition is an integral part of the Action Plan for Jobs 2014 and is supported by the Department of Jobs, Enterprise and Innovation through the 31 Local Enterprise Offices around the country.
On Monday, November 10, Michéal Savage of Lír Analytical and Niall Mimnagh of Mimergy (in the Best New Business Idea category), all under the age of 30, went head-to-head with other county winners from Donegal, Leitrim and Sligo.
The nominees were interviewed by a three member judging panel and had to deliver a business pitch, live.
Assessed on criteria such as business innovation, job creation potential and financial planning, the announcement of the national finalists was made at a reception in the Public Service Centre, Drumlonagher, Donegal Town.
Congratulating Lír Analytical, Minister for Jobs, Enterprise and Innovation, Richard Bruton TD said: “Central to our plans for jobs and growth is supporting more businesses to start-up. Part of this plan is also fostering a stronger culture of entrepreneurship and promoting start-up business as a career option for young people. That is what is behind this new competition to find the best young entrepreneur in the region.”
Michéal and Lír Analytical now faces tough competition from 23 other finalists across three categories who have emerged from eight regional finals.
The €100,000 investment fund in December is divided up across four prizes: Best New Idea (€20,000 investment); Best Start Up (€30,000 investment); Best Established Business, with New Add On (€30,000 investment) and Overall Winner of ‘Ireland’s Best Young Entrepreneur’ (an additional €20,000 investment).
Head of Enterprise with the Local Enterprise Office Longford, Michael Nevin, said: “We are very proud and honoured to have a representative at the national final in December, as over 1,000 businesses entered from every county in Ireland and competition for every place was intense.
“Our finalist now has a chance of being crowned ‘Ireland’s Best Young Entrepreneur’ and to win additional investment of up to €50,000 in their business.
“We’d also like to congratulate all our other nominees and entrants, who ‘flew the flag’ for us at the county and regional finals and we look forward to supporting their businesses into the future.”
For all the latest news and updates about the ‘Ireland’s Best Young Entrepreneur’ competition, visit www.ibye.ie, www.localenterprise.ie or search #ibye on social media.