INTERTRADE IRELAND IS on the hunt for new and early stage businesses which are looking to become investor-ready.
The €280,000 Seedcorn Investor Readiness competition is aimed at businesses that are looking for the capital needed to prepare to pitch to serious investors, and offers a cash prize with no demand for an equity stake in return.
The closing date for entries to the competition is Friday 30 May, and it is open to all independent companies north or south of the border that are in the early seed, start-up or early stages of development.
Ideally, the business should be targeting international markets.
InterTradeIreland Seedcorn project manager Connor Sweeney said:
“We are at a critical point in the SME sector; we have man SMEs who want to scale their business but they may not be equipped to explore the broad financing options open to them.”
The Seedcorn competition not only provides companies with the opportunity to win a cash prize but also…to refine their business plan, gain exposure to investors and improve their business concept.
The prize fund will be segmented into €100,000 for the best ‘early stage’ company, and €50,000 for the best ‘new start’ outfit. There are regional prizes of €20,000 and one best Spinout prize of €10,000.
Companies must register at this link before submitting an application for the 30 May deadline.
The regional winners will be announced in mid November before going on to compete in the all-island grand final in Belfast on the 26 November.
To embed this post, copy the code below on your site
have your say