LEO helps new industry roar

Young people running their own business for least two years, are being encouraged to participate in a competition that could give them much needed finance.

Ireland’s Best Young Entrepreneur’ (IBYE) competition is being promoted by the Local Enterprise Office (LEO) in Clare.

As part of the Action Plan for Jobs initiative , it is aimed at those aged between 18 and 30 and the Local Enterprise Office has an investment fund of €20,000, to present to a “best established” business owner, based in the locality.

Supported by the Department of Jobs, Enterprise and Innovation through Enterprise Ireland, the competition is designed to seek out and support entrepreneurial talent across the country.

A total investment fund of €50,000 is on offer through the Local Enterprise Office, €20,000 of which, will go to the ‘Best Established Business’ winner. A further €20,000 investment fund is on offer for the ‘Best Start-Up’ winner locally, with €10,000 on offer to the ‘Best New Idea’ winner.

Last year’s local winner in the Best Established Business category used the €20,000 investment to buy equipment and machinery.

The closing date for entries is Friday, August, 21. Entry is free on-line and full details are available through www.ibye.ie, or by searching #IBYE on social media.