Dublin City’s Best Young Entrepreneurs Win €50,000 Investment

Three of our city’s best young entrepreneurs have won a total investment of €50,000 in the Dublin City finals of the €2 million Ireland’s Best Young Entrepreneur competition (#IBYE) facilitated through the Local Enterprise Office Dublin City.

Aimed at young and aspiring entrepreneurs between the ages of 18 and 30, Ireland’s Best Young Entrepreneur competition is an integral part of the Action Plan for Jobs and is supported by the Department of Jobs, Enterprise and Innovation through the network of 31 Local Enterprise Offices.

At a ceremony in the Hilton Hotel, Kilmainham on Wednesday, awards were made for Dublin City’s best business idea, best start-up business and best existing business, as well as an overall award for the best young entrepreneur in Dublin City.

The Dublin City winners and investments won were as follows:

Best Business Idea (winning a €10,000 investment):

John Horrigan, Cara Mobility Design

Best Start-Up Business (winning a €20,000 investment):

Isolde Johnson,The Cool Bean Company www.coolbeans.ie

Best Established Business (winning a €20,000 investment):

Jamie White, Youth Nation www.youthnation.com

Isolde Johnson, The Cool Bean Company was also named as Dublin City’s “Best Young Entrepreneur”.

All winners will now represent Dublin City at the regional finals in The Conrad Hotel on Wednesday, 4th November 2015. A total of 24 finalists will then compete at Ireland’s Best Young Entrepreneur national finals in December.

Marking the occasion, Minister for Jobs, Enterprise and Innovation, Richard Bruton TD said “Central to our plans for jobs and growth is supporting more businesses to start-up. Two thirds of all new jobs are created by start-ups, so if we are to create the jobs we need we must support more entrepreneurs to start new businesses. Part of this plan is also fostering a stronger culture of entrepreneurship and promoting start-up business as a career option for young people. That is what is behind this new competition to find the best young entrepreneur also ultimately Ireland’s Best Young Entrepreneur. We have excellent start-ups and entrepreneurs in Ireland – we just don’t have enough of them. It is great to see so many excellent entrepreneurs and business-people getting involved in this competition, and I am delighted to congratulate the local winners. I wish all three winners every success in the later stages of the competition – and wish all participants every success as they grow their businesses and contribute to the job-creation we need”.

Speaking at the ceremony, Greg Swift, Head of Enterprise at the Local Enterprise Office Dublin City paid tribute to all the young entrepreneurs in the region, saying: “As the first stop shop for entrepreneurs and small businesses, it is heartening to see a growing and vibrant community of young entrepreneurs locally. Through Business Bootcamps, mentoring and general business advice, the Local Enterprise Office plays a vital role in supporting the next generation of entrepreneurs, on a year-round basis. We will also be working closely with this year’s IBYE winners, to help maximise the return on the €50,000 investment that they have been awarded.”

Dublin City was represented in last year’s #IBYE competition by Ciara Clancy, Beats Medical, Lukas Decker, Coindrum, & Jamie White, Youth Nation. Both Lukas & Jamie went on to represent the Dublin Region at the National finals.

Details around Ireland’s Best Young Entrepreneur competition are available through www.ibye.ie and information on supports for all small businesses can be accessed through www.localenterprise.ie.