LIT, UL, IT Tralee and Enterprise Ireland Collaborate to Support High Potential Start-up Companies
Limerick Institute of Technology (LIT), the University of Limerick (UL), the Institute of Technology, Tralee (ITT) and Enterprise Ireland are collaborating to offer funding and other support to Ireland’s most promising entrepreneurs through the New Frontiers programme.
The Enterprise Ireland New Frontiers programme is a tailor made 3 phase programme designed to support emerging entrepreneurs in their quest to establish themselves as high performance companies. The programme provides budding entrepreneurs with a package of supports including funding of €15,000, free 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 start and grow a company.
The programme is being led locally by LIT who has been supporting start-ups since 2007 at the Hartnett Enterprise Acceleration Centre and has helped create almost 100 companies resulting in over 400 jobs. The collaboration with IT Tralee and the University of Limerick will help in widening supports for entrepreneurs in the region.
21 entrepreneurs have been signed up to the competitive 2nd phase of the programme which runs until 2014. The participants have been provided with office space in the Hartnett Enterprise Acceleration Centre at LIT, the Tom Crean Centre at IT Tralee and the UL Nexus Centre.
Speaking about the programme Dr Maria Hinfelaar, President of LIT said, “LIT’s collaboration with Enterprise Ireland, the University of Limerick and IT Tralee will strengthen the range of supports that are offered to the rising entrepreneurial stars in the region and help boost job creation and secure the region as a centre of innovation and entrepreneurship.”
“LIT’s unique Enterprise Ladder of centres and programmes offers support at the Hartnett Centre, The National Franchise Centre, Thurles Chamber Enterprise Centre and Croom Community Enterprise Centre with the Clonmel Enterprise, Research and Training Centre and Irish Fashion Incubator Limerick in planning. LIT enterprise clients also have access to the Enterprise Ladder Fund (ELF), a €1m seed fund as well as access to an international network including supports in Silicon Valley”
Dr. Hinfelaar added “supporting the enterprise and incubation centres locally and delivering support programs that help entrepreneurs with innovative ideas to turn them into successful companies is one of the most efficient and effective ways to create jobs. Incubators can provide financial, legal, and networking opportunities that are often the difference between failure and success for young companies.”
The New Frontiers programme helped 120 entrepreneurs in 2012 across Ireland and Enterprise Ireland announced earlier in the year that they will continue support for a further 3 years. The New Frontiers Programme is designed to facilitate high calibre candidates who posses enthusiasm, confidence and determination and who wish to commit full-time to get a business going.
For further information on the New Frontiers programme contact
New Frontiers Facilitator Limerick
Phone: +353 61 208208
Direct line: +353 61 4903152
Mobile 086 839 3703
Fax: +353 61 208209