What is New Frontiers?
New Frontiers is Ireland’s national entrepreneur development programme that is delivered at a local level by the Institutes of Technology. It is designed to help people who have an innovative business idea, to establish and run their own companies. It provides a package of supports to help accelerate business development and to equip start-ups with the skills and contacts needed to be successful future business leaders.
Who should apply?
This programme can help you if you:
- Plan to build your business on a strong foundation of technology or knowledge.
- Can demonstrate the capability and commitment needed to develop a sustainable business.
- Are ambitious, intending that your enterprise will achieve turnover greater than €500,000 and create more than five jobs in three to five years time.
- Can provide evidence of a commerical market for your proposed product or service.
- Propose setting up an enterprise that is a manufacturing or internationally traded services business, or a new domestically traded service business with the potential to trade internationally.
The New Frontiers programme is open to applications from diverse sectors including: food & consumer products, information & communications technology, engineering & electronics, medical devices, biotechnology, pharma, digital media and eligible internationally traded services.
What does New Frontiers provide Entrepreneurs?
- Training in all areas of business including financial management, market research & validation, business process, patenting, product development, sales training.
- Mentoring from experienced business advisors and practitioners.
- Office and other business incubation facilities.
- €15,000 from Enterprise Ireland for individuals participating in Phase 2.
- Networking with other entrepreneurs and business development agencies.
- Introduction to seed and early stage capital investment networks.
- Access to entrepreneurship best practice, both nationally and internationally.
- Peer-group learning from participants in the region and across the country.
- Access to the expertise in Enterprise Ireland’s Market Research Centre.
- Expertise from the Institutes of Technology and the supportive environment of their business incubation centres.