Final deadline for entries to €280,000 Seedcorn investor readiness competition

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info@newrytimes.com
Friday, May 15th, 2015
Business, Community
The environment has never been better for start-ups to attract early stage financing according to InterTradeIreland at the final call for entries for the All-Island Seedcorn Investor Readiness Competition, which closes on Friday 29th May. seedcorn2The competition, which supports young innovative companies, offers a share of a €280,000 total cash prize, with no equity stake taken in the winning company. Seedcorn is open to all independent companies incorporated in Northern Ireland or Ireland in the seed, start-up or early stages of business development and ideally targeting international markets. Encouraging start-up and early stage companies to enter before the deadline, Connor Sweeney, Seedcorn project manager for InterTradeIreland said, “InterTradeIreland works with a number of young companies and in our experience the environment has never been better for start-ups to attract finance. “The Seedcorn competition in particular provides young companies with a real opportunity to start developing their investment skills and put their business plans to the test. “For the winners, it also provides a significant cash boost and access to an extensive business and investment community that can help raise their profile and create further investment opportunities in the future.” Initial applications will be shortlisted by a selection panel with successful companies invited to submit their full business plan. The next stage in the process is to deliver an investment pitch in front of the judging panel comprising venture capitalists, business angels and some of the island’s leading industry entrepreneurs and business experts. Prior to attending regional finals, each company will be invited to attend an intensive one day investment pitch master class to help polish their presentation skills. The winners of Best ‘Early Stage’ Company and Best ‘New Start’ Company stand to win €50,000. The overall winner will be chosen from these two and will win an additional €50,000 giving them €100,000 overall – with no equity stake being taken by InterTradeIreland. There are also regional prizes of €20,000 and one Best Spinout prize of €10,000. The final date for receipt of initial completed application forms is Friday 29 May and companies can register their interest in advance at www.intertradeireland.com/seedcorn.

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