Dublin City’s Best Young Entrepreneurs Win €50,000 Investment

Three of our city’s best young entrepreneurs have won a total investment of €50,000 in the Dublin City finals of the €2 million Ireland’s Best Young Entrepreneur competition (#IBYE) facilitated through the Local Enterprise Office Dublin City.

Aimed at young and aspiring entrepreneurs between the ages of 18 and 30, Ireland’s Best Young Entrepreneur competition is an integral part of the Action Plan for Jobs and is supported by the Department of Jobs, Enterprise and Innovation through the network of 31 Local Enterprise Offices.

At a ceremony in the Hilton Hotel, Kilmainham yesterday, awards were made for Dublin City’s best business idea, best start-up business and best existing business, as well as an overall award for the best young entrepreneur in Dublin City.

The Dublin City winners and investments won were as follows:                                                                               

Best Business Idea (winning a €10,000 investment):    

John Horrigan, Cara Mobility Design                                

Best Start-Up Business (winning a €20,000 investment):

Isolde Johnson,The Cool Bean Company    www.coolbeans.ie

Best Established Business (winning a €20,000 investment):

Jamie White, Youth Nation    www.youthnation.com

Isolde Johnson, The Cool Bean Company was also named as Dublin City’s “Best Young Entrepreneur”.

All winners will now represent Dublin City at the regional finals in The Conrad Hotel on Wednesday, 4th November 2015.  A total of 24 finalists will then compete at Ireland’s Best Young Entrepreneur national finals in December.

An tArdmhéara Críona Ní Dhálaigh said, “Dublin City Council is proud to be associated with such a prestigious award. Experience shows that entrepreneurs have been the catalyst for enabling the creation of sustainable jobs and companies.

Is léir go bhfuil fuinneamh agus féin-mhuinín as cuimse ag na daoine óga seo, tréithe atá an-tábhachtach i saol na fiontraíochta.  (It’s clear that these young people have great energy and self-confidence, traits that are so important for entrepreneurs.) These Awards are our way of showcasing the creativity in our economy while acknowledging the effort and commitment shown by the youth of Dublin”.

Marking the occasion, 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. Two thirds of all new jobs are created by start-ups, so if we are to create the jobs we need we must support more entrepreneurs to start new businesses. 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 also ultimately Ireland’s Best Young Entrepreneur. We have excellent start-ups and entrepreneurs in Ireland – we just don’t have enough of them. It is great to see so many excellent entrepreneurs and business-people getting involved in this competition, and I am delighted to congratulate the local winners. I wish all three winners every success in the later stages of the competition – and wish all participants every success as they grow their businesses and contribute to the job-creation we need”.

Speaking at the ceremony, Greg Swift, Head of Enterprise at the Local Enterprise Office Dublin City paid tribute to all the young entrepreneurs in the region, saying: “As the first stop shop for entrepreneurs and small businesses, it is heartening to see a growing and vibrant community of young entrepreneurs locally. Through Business Bootcamps, mentoring and general business advice, the Local Enterprise Office plays a vital role in supporting the next generation of entrepreneurs, on a year-round basis. We will also be working closely with this year’s IBYE winners, to help maximise the return on the €50,000 investment that they have been awarded.”

Dublin City was represented in last year’s #IBYE competition by Ciara Clancy, Beats Medical, Lukas Decker, Coindrum, & Jamie White, Youth Nation. Both Lukas & Jamie went on to represent the Dublin Region at the National finals.

Details around Ireland’s Best Young Entrepreneur competition are available through www.ibye.ie and information on supports for all small businesses can be accessed through www.localenterprise.ie.

Photos have been syndicated to photodesks by Fennell Photography

ENDS

For further information contact:

https://twitter.com/DubCityCouncil       www.facebook.com/DublinCityCouncil

Notes to the Editor:

Interview opportunities are available with 2015 #IBYE winners and finalists, along with representatives of the Local Enterprise Office.

Ireland’s Best Young Entrepreneur 2015 (#IBYE)

Website: www.ibye.ie 

Social Media: #IBYE

Now in its second year, Ireland’s Best Young Entrepreneur is a competition that is open to everyone with an innovative business idea

  • individuals
  • venture teams
  • partnerships
  • existing businesses with a new idea
  • people overseas (including Irish emigrants) who will headquarter in Ireland

The competition is broken down into three categories:

  • Best New Idea (pre-trading), with €10,000 investment prize fund available through every LEO
  • Best Start up Business (up to 24 months), with €20,000 investment prize fund available through every LEO
  • Best Established Business  (over 24 months) with €20,000 investment prize fund available through every LEO

Each Local Enterprise Office (LEO) ran a competition from May to August 2015, aimed at finding winners in each of the three categories as well as an overall winner in each county. Each LEO will have a total fund of €50,000 to invest in the three winning businesses according to criteria including businesses’ investment needs.

The competition will then proceed to eight regional finals with winners identified in each category. In total, 24 finalists will be selected during the regional finals, during the judging stage. All 24 finalists will win a place at the IBYE national finals, to be held in December.
 

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