From Idea to Success
FREE SERVICE
NO EQUITY TAKEN
€15,000 Funding + Expertise + Mentoring + Support
What is New Frontiers?
What are the benefits?
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How does it work?
New Frontiers is a three-phase programme, designed to provide an integrated and comprehensive set of business development supports to participants.
PHASE 1: Testing your Business Idea
Held part-time over an 8-10 week period, Phase 1 will help you to validate the market potential of your business idea. These weekend and evening workshops will help you evaluate if your idea can be turned into a viable business.
KEY BENEFITS ARE:
- Two evenings per week for 8-10 weeks
- Business validation and market research workshops
- Peer to peer networking and learning
- You can continue in your current job
- Improve your chances of accessing Phase 2
- De-risk your business model
- Arrive at a go/no-go decision
PHASE 2: Business Planning
Following a competitive selection process, committed participants who have a strong value proposition and who can demonstrate that their business proposition has potential to grow and create jobs may be offered a place on Phase 2. If successful, you will receive intensive support for six months to develop both your own skills and to work up your business proposition. You will need to commit full-time to starting and developing your business. Typically 80% of this time is dedicated to working on your own business with just 20% attending modules, workshops and mentoring. Using this support, you will fully detail and validate your business proposition and identify potential customers, sales channels and funding options. You will receive up to €15,000 in funding, subject to satisfactory progress and development reviews.
KEY BENEFITS ARE:
- Full-time incubation support for 6 months
- Grant of up to €15,000 for the participant
- No equity taken from your business
- Develop a strong business plan
- Comprehensive and intensive mentorship and coaching
- Peer to peer networking and learning
- Access to R&D facilities
- Hot-desk and other incubation facilities
- Web hosting and support from Amazon worth $15,000
PHASE 3: Business Development
Businesses emerging from Phase 2 will be guided to the most relevant government support that can best help them at their particular stage of development. Further incubation facilities and support may be available to participants for a limited period, in conjunction with ongoing support from the Incubation Centre Management team.
KEY BENEFITS ARE:
- Full time for 2-3 months
- Further hot-desk and incubation facilities
- Introduction to government and private investment opportunities
- Delivering on the business plan
Meet our Start-Ups
Yvonne Comer - Rugby Smarts
Marina Murphy - BabyBoss
Barry Flannery - Xerotech Ltd
Sorcha O'Grady - TruckScience Ltd
George Curley - CGA Software Ltd
Michael Furey - Ronspot
Marc Ganly - MARC Sports
Kevin McCaffrey - Tr3Dent
Eamon Crosby - Britebiz
Fergal O'Connor - Buy Media
Brandon Blacoe - ByoWave
Eoin Heverin - Foodie Save
Anna Downes - Video Sherpa
Rory Casey - Atlantic Photonic Solutions Inc
Tomás Thompson - Rockfield Medical Devices
Padraig Neylon - Addjust
Nicola Wall - Afortiori
Mark Herrick - Headrite Sports
Iain Morrow - OpenBox Models
Shankar Ganesh Jayagopi - Magnus Monitors
Andrea Manning - CyberPie
Cynthia Baloula - CB Media
Colm Murphy - Appraisee
Mark Corrigan - Marine Cable Services
Liam Feeney - Spottrack
Frank Enright - Q-Pathway
Anne Walshe - Allergy Lifestyle
Mark Bannon - VT Networks
Arthur Leonowicz - DigiTally
David McIntyre - DMC Design
Apply Here
New Frontiers can help anywhere from the idea stage up to the first two years in business.
To apply, you need:
- Innovative idea
- Identified an unmet need in a large market
- Ambition to succeed and grow the business
- Target €500k turnover and 5 employees in 3-5 years
- Locate the business in the West of Ireland
- To be aged 18 years +
Vist the New Frontiers Blog for expert advice for Irish startups and entrepreneurs.
Contact Us
GMIT iHub Galway
Telephone: +353 (0) 91 742850 | Email: ihubgalway@gmit.ie
GMIT iHub Mayo
Telephone: +353 (0) 94 9043198 | Email: ihubmayo@gmit.ie