If you have an innovative idea and plan to establish your own company, or you are already at an early stage of development, the New Frontiers Programme can provide you with funding, help and support to develop your new business.
Participants can remain in their own office, enterprise centre, start-up hub, work from home and/or avail of the GMIT Innovation Hubs.
New Frontiers which is Ireland’s national entrepreneur development programme will open for Phase 1 applications in Spring 2018. The programme is delivered locally by GMIT Innovation Hubs (Galway & Mayo ) and funded by Enterprise Ireland.
New Frontiers is a national programme delivered by GMIT in association with Enterprise Ireland, designed to benefit potential entrepreneurs.
It will provide much needed help and support in developing new business concepts into companies that have the capacity to create employment, growth and export. The programme is being run by GMIT Innovation Hubs Galway & Mayo, and it will be delivered in three phases:-
The first phase consists of a feasibility study, delivered on a part-time basis for a six to eight week period. It will focus on key fundamentals required for all business start-ups.
The second phase is much more intensive. Those accepted on this phase will receive €15,000 grant funding and must commit on a full-time basis for a period of six months. Office space will be offered at no charge in the Innovation Hubs.
The third phase is built around the business success and growth, exploring route to market, investment opportunities, exporting and generating employment. Participants must commit on a full-time basis for a period of 3 months.
Experienced mentors from industry will provide advice at each development stage and support is on hand from concept phase right through to customer revenue.
What does New Frontiers provide to Entrepreneurs?
Training in all areas of business including financial management, market research & validation, business process, patenting, product development, sales training.
Mentoring from experienced business advisers and practitioners.
Office space (optional ) and other business incubation facilities.
Up to €15,000 tax free scholarship to cover full-time participation in phase two.
Networking with other entrepreneurs and business development agencies.
Introductions to seed and early stage capital investment networks.
Access to entrepreneurship best practice, both national and international.
Peer-group learning from participants in the region and across the country.
Access to the expertise in Enterprise Ireland through their market information centre.
Expertise from GMIT iHubs and the supportive environment of the community of Entrepreneurs.
€14,000 award fund for best emerging business. (Sponsors: KPMG €10k & AIB €4k )
Apply early as places are limited. First preference places will be offered to those who return their applications by Friday, March 16. The planned start date for Phase 1 is April 7.
Email Trisha Carrick [email protected] for an application form.