New Frontiers Entrepreneurial Development Programme
27th June 2022
Est. Reading: 2 minutes
The New Frontiers entrepreneurial development programme is for ambitious early-stage entrepreneurs with innovative business ideas which have the potential to scale and provide employment. It provides the skills, support, and confidence needed to make the leap to starting a successful business.
The programme is delivered on behalf of Enterprise Ireland by the Institutes of Technology and Technological Universities.
New Frontiers Entrepreneurial Development Programme is designed for individuals who:
Are early-stage entrepreneurs with little or no experience in starting a business
May be in full-time employment but have the desire to start their own business
Have an innovative business idea with export and employment potential
Can show evidence of a commercial market for their proposed product/service
Have experience, sectoral and/or technical knowledge in the area of their business idea
Have the drive and ambition required to commit fully to building a successful start-up
It offers regional access to applicants across 14 programmes and 16 locations.
Open to business ideas from across all sectors including food & consumer products; information & communication technology; engineering & electronics; medical devices; biotechnology; pharma, digital media; cleantech/renewable energy; and eligible internationally-traded services
Support package valued at €30,000 including a €15,000 tax-free stipend in Phase 2, subject to satisfactory performance – no equity is taken in your business
Further support is available in Phase 3 to the value of €10,000+
Personalised one-to-one mentoring offered by seasoned business mentors from the Enterprise Ireland Mentor network.
Expert advice and guidance from an experienced programme team, business practitioners, investors and other entrepreneurs within the Institutes of Technology and Universities.
Access to R&D facilities and specialist expertise from within the Institutes of Technology/Universities, including access to interns and graduates.
Practitioner-led workshops in all areas of building a business.
Regular milestone review meetings to monitor your progress.
Free co-working space (during Phase 2 and 3).
Support and guidance in the development of a strong business plan.
Programme Detail
New Frontiers is a three-phase programme, consisting of practical and interactive workshops, personalised one-to-one mentoring, financial support and co-working space. New Frontiers is a game-changer for anyone serious about developing their business idea into a successful start-up.
Phase 1: Test Your Business Idea
Held part-time over an 8-10 week period, Phase 1 will help you to research and test the market potential of your business idea. These weekend and evening workshops will provide information and general start-up training, allowing you to evaluate if your idea can be turned into a viable proposition.