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January 29th, 2015 @ 09:56

GMIT New Frontiers Programme 2015

New Frontiers is Ireland’s national entrepreneur development programme, delivered locally by Galway Mayo Institute of Technology and funded by Enterprise Ireland.

If you have an innovative business idea with a plan to establish your own company, or you are already at an early stage of development, the New Frontiers Programme can provide you with funding, help and support to accelerate your business development.

How Does The Programme Benefit Entrepreneurs?

  1. Expertise in all areas of business including investment, market research & validation, business model, patenting, product development, sales and marketing.

  1. Mentoring from experienced business advisers and practitioners.

  1. Free Office space and other business incubation facilities.

  1. €15,000 funding to cover full-time participation in the second phase of the programme.

  1. Networking opportunities with other entrepreneurs and business development agencies.

  1. Introductions to seed and early-stage capital investment networks.

  1. Access to entrepreneurship best practice – both national and international.

  1. Peer group learning from participants in this region and across the country.

  1. Access to the expertise in Enterprise Ireland through the Market Research Centre.

  1. Expertise from GMIT and the supportive environment of the Innovation Hubs in Galway and Mayo

Ideally applicants should:

·         Have an innovative idea

·         Be capable of building a new company

·         Create employment

·         Generate sales revenue

·         Have export potential 

New Frontiers is Delivered in Three Phases:

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 GMIT Innovation Hubs. €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 3 months.  KPMG will also be sponsoring €10,000 award fund for the best emerging company on the programme.

Apply early as places are limited.  First preference places will be offered to those who return their applications by Monday, 16th March.  

The programme will run from Saturday, 28th March

Further information on this exciting business opportunity and the application form is available at: 

http://www.gmit.ie/newfrontiers

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