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Funding news - 13/03/2017

All-Island Seedcorn Investor Readiness Competition 2017 - Open for Applications

The Seedcorn Investor Readiness Competition is designed to encourage the creation and development of emerging and high-growth business ventures throughout Ireland and to reward the effort and achievement of the individuals involved.

Application is open to independent ventures incorporated within Ireland (Republic of Ireland or Northern Ireland) that are at the seed, start-up or early stages of development – ideally targeting international markets.

Applicants should be individuals or venture teams who have created, manage and own such ventures, have played a major role in conceiving the venture, and have key management roles and significant equity.

There are two categories for entry:

  • New start Company – for companies under five years old at 26 May 2017 and who are seeking to raise new equity of between €50,000 and €299,999.
  • Early stage Company – for companies under five years old at 26 May 2017 and who are seeking to raise in excess of €300,000.

For 2017, the total prize fund is a €280,000, including €100,000 for the Best Early Stage Company; €50,000 for the Best New Start Company; six awards of €20,000 for the Regional Winners; and €10,000 for the best university spin-out.

To submit an application, companies are required to register on the InterTradeIreland website and upload their business plan.

The deadline for submission of applications is 26 May 2017.

Further details can be accessed at the programme website

Source: intertradeireland.com, 13/03/2017

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