120 New Business Start-ups created under New Frontiers Programme
Research and Innovation Minister Sean Sherlock today announced the results of the first year of the Enterprise Ireland New Frontiers Programme. The programme aims to develop sustainable businesses that will create jobs throughout the country. New Frontiers is Ireland’s national entrepreneur development programme that is delivered at a local level by the Institutes of Technology.
The Minister announced that over 120 new business ventures have successfully completed the first Enterprise Ireland New Frontiers Programme. Based on the success of the first year of the programme, a further €12.65m is now being invested for the next three years.
The call for applications opens today and potential entrepreneurs with an innovative business idea are encouraged to apply for a place on New Frontiers. The programme provides budding entrepreneurs with a package of supports including funding of €15,000, office space, mentoring and workshops to help accelerate their business development. The aim is to equip participants with the skills and contacts they need to successfully start and grow a company.
The Minister said:
The first New Frontiers Programme has delivered fantastic results. These 120 new companies are creating sustainable businesses, jobs and economic stability in regional locations throughout Ireland.
Through the Government’s significant investment of €12.65m over the next three years of New Frontiers, we aim to replicate this success and help 450 new entrepreneurs get started. Enterprise Ireland is working in partnership with the Institutes of Technology to give potential entrepreneurs the skills they need to successfully set up and run a company.
Read the full press release here.
You can find more information on the programme and how to apply on the Enterprise Ireland website here.