GMIT Innovation Centre
New Frontiers Business Awards
By Judith Feehan
7, Mar 2013 - 07:33

Results of the New Frontiers Business Startup Awards:

KPMG €10,000 Best Emerging Business Award was won by Padraig Neylon of Trazoo (www.trazoo.ie).
GMIT €1,500 Runner Up Award was won by Sorcha Hellberg of TruckScience/Transolve (www.transsolve.net).
GMIT €500 "One to Watch" Award was won by Alma Curley of CGA Software (www.cgasoftware.com).

The 2013 New Frontiers Entrepreneur Programme is now open for applications. We encourage you to share news of this exciting opportunity with your professional and personal contacts. Qualifying entrepreneurs will receive €15,000 in funding subject to satisfactory development reviews.

We will be hosting an Information Evening in the Innovation in Business Centre (IiBC) at GMIT Castlebar on Thursday 7th March at 5.30 p.m and again at 7.00 p.m for ambitious people who have an innovative business idea and want to learn more about this upcoming programme. The full programme will commence in April 2013.

New Frontiers will consist of Three Phases as follows:

The First Phase will test the feasibility of the proposition. It is the shortest phase (6/8 weeks) and will be conducted on a part-time basis. It will focus on the promoter, product/service, market opportunity, business model and feasibility study.

The Second Phase is much more intensive. Those accepted onto this phase must commit on a full-time basis for 6 months. Office space will be offered for FREE in the IiBCs. €15,000 funding will be available to all eligible participants.

The Third Phase is built around the business success and growth, getting to the market, exporting, generating employment and attracting investment. This will be full time over 3months. KPMG will also be sponsoring €10,000 award fund for the best emerging company on the programme.

The Programme is fully supported by experienced mentors and support is on hand from concept phase right through to commercialisation.

Directions are available at http://www.gmit.ie/presidents-office/visiting-castlebar.html

For those unable to attend the information session further information and application form for the New Frontiers Programme is also available at http://www.gmit.ie/iibc/new-frontiers.html

Thanks & Regards,
The New Frontiers Programme Management Team
The IiBC in GMIT Castlebar and Galway have created the following:

200+ jobs created
€50,000,000 funding raised by client companies
14 HPSU (high potential start-up) companies created
27successful spin outs