Ireland’s Best Young Entrepreneur Final Takes Place, 15th September 2019

Ireland’s Best Young Entrepreneur Final Takes Place, 15th September 2019

24 YOUNG ENTREPRENEURS TO COMPETE FOR €100,000 FINAL PRIZE FUND

Ahead of the Final of Ireland’s Best Young Entrepreneur 2019, the 24 Finalists from across the country met with Minister for Business, Enterprise and Innovation, Heather Humphreys, T.D., and Minister for Trade, Employment, Business, EU Digital Single Market and Data Protection, Pat Breen T.D. The Finalists had the opportunity to discuss their ideas and businesses with Ministers Humphreys and Breen following a day of pitch training in Dublin ahead of the September 15th Final.

Funded by the Government of Ireland this programme, an initiative of the Department of Business, Enterprise and Innovation, is run by the network of 31 Local Enterprise Offices located in local authorities across the country and supported by Enterprise Ireland.

Ireland’s Best Young Entrepreneur (IBYE) consists of three categories; Best Business Idea, Best Start-Up Business and Best-Established Business with 8 Finalists competing in each category. The programme provides a €2million investment fund with targeted business development supports and attracted over 1,600 applicants from across the country. Last year’s overall winner was former Connacht Rugby player Conor O’Loughlin who is founder and CEO of gym management software platform, Glofox.

An Taoiseach, Leo Varadkar, T.D., said: “Our young entrepreneurs are our business leaders of the future; their ideas will help to create jobs and ensure that our economy continues to evolve and grow. We want to encourage entrepreneurship and that’s one of the reasons we’re lowering taxes and extending more social benefits to the self-employed. Congratulations to all this year’s IBYE finalists, who are showcasing the huge wealth of ideas that exist across the Irish start-up sector. This competition, and the recognition it provides, will be the first step for many of you on a long and hopefully successful entrepreneurial road.”

Minister for Business, Enterprise and Innovation, Heather Humphreys, T.D., said: “The IBYE programme has been a hugely successful initiative of the Government with an investment fund of €2 million. Since its inception in 2014, it has attracted over 7,000 applications and has provided our young entrepreneurs with the peer-to-peer experience and contacts that open doors to help them on their entrepreneurial journey now and into the future. These finalists are Ireland’s very best young business minds and, whatever the result in the final, the supports will be there for them to continue in business.”

Minister for Trade, Employment, Business, EU Digital Single Market and Data Protection, Pat Breen T.D. added: “This year’s finalists represent the significant breadth and diversity of enterprises that characterise Ireland’s entrepreneurial landscape. It is important that we encourage these bright young minds and give them the full range of supports that will allow their ideas and dreams into business realities. Making it to the final is already a great achievement and one that should give them great confidence in driving their businesses forward.”

Oisin Geoghegan, Chair of the Network of Local Enterprise Offices, said; “IBYE is a key competitive programme provided by Local Enterprise Offices. It offers young entrepreneurs at different stages of their development a fantastic opportunity to avail of expert mentoring and pitch training as well as guidance and validation from experienced businesspersons and analysts.

It is the perfect start for these entrepreneurs and their journey has been supported all the way by their Local Enterprise Office. They have worked closely with them to fine tune their ideas and business plans, hone their pitching and to bring out the best in them. That is why they are finalists, they have the qualities to be here and be a huge success in Irish business and the Local Enterprise Offices will be there to support them all the way.”

Martin Corry, Enterprise Ireland, said “The Ireland’s Best Young Entrepreneur programme has not just created great entrepreneurs, it has helped create great businesses. These are businesses that are employing people across the country, helping to support communities and also bolstering Ireland’s entrepreneurial reputation globally.

Our previous winners and finalists are at the very top of their game and have gone on to be hugely successful both nationally and internationally. There’s no doubt that having made the Final this year and gone through the IBYE process, our class of 2019 will hit the same heights as those that have gone before them and perhaps may even exceed them!”

The finalists for this year’s Ireland’s Best Young Entrepreneur include a recent BBC Dragons’ Den participant, an entrepreneur using artificial intelligence drones for river rescues, a serial entrepreneur bringing shopping from your phone to your door, a 19-year-old whose skills learned in transition year now sees her employ 23 people, an entrepreneur using plant based nutrition to combat MS and diabetes and a young woman who is revolutionising the methods by which horses are bred.

The 24 IBYE Finalists for 2019 will be competing for a €100,000 fund across the three categories. The winner of the Best Business Idea will receive a €15,000 investment with the runner up securing a €5,000 investment. The Best Start-Up Business and Best-Established Business winners will receive a €25,000 investment each with the runners up in those categories receiving a €5,000 investment, while the 2018 Ireland’s Best Young Entrepreneur selected from the three category winners will receive an additional €20,000 investment.

The winners of the 2018 Ireland’s Best Young Entrepreneur awards were Conor O’Loughlin of Glofox who won the Best-Established Business and the overall IBYE Award for 2018. Alan Hickey of Vromo (formerly WeBringg) in Fingal, Dublin was the Best Start Up Business winner, while Brendan Boland of Loci Orthopaedics in Galway won the Best Business Idea for 2018.

The Final of Ireland’s Best Young Entrepreneur takes place on Sunday 15th September at Google HQ in Dublin. For more information on the competition go to www.IBYE.ie and for additional information on Local Enterprise Office supports and programmes go to www.LocalEnterprise.ie

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