A new cohort commences Phase 2 at GMIT’s Innovation Hubs
The latest cohort of entrepreneurs with innovative start-up ideas has commenced Phase 2 of the New Frontiers programme delivered by GMIT at its Innovation Hubs in Galway and Mayo.
Every year, New Frontiers supports entrepreneurs around the country with the development of their early-start businesses. Since 2012, it has supported hundreds of startups in a range of sectors including food & consumer products; information & communication technology; engineering & electronics; medical devices; biotechnology; pharma, digital media; cleantech/renewable energy and eligible internationally-traded services.
There are two phases to New Frontiers; we recommend completing both phases but it’s possible to do just one or the other. Phase 1 focuses on testing the business idea; it is part-time and allows participants to de-risk their business model, validate the business and market, and arrive at a go/no-go decision. Phase 2 is a full-time six-month commitment with intensive support in the form of training, workshops, mentoring, review, and incubation facilites. A stipend is paid to the participant to enable their participation and the goal is the development of an investor-ready business plan.
The New Frontiers Programme Manager at Galway-Mayo IT is Tony O’Kelly. Tony has a background in IT and a long history in business development across a range of sectors. Tony brings huge energy and passion to his role at New Frontiers, which he combines with a technical approach to project management and a love of solving business problems.
At the launch of this new Phase 2, Tony O’Kelly said,
“These start-ups evolved from 109 applicants at the start of the 2019 programme. We believe there is massive potential for success in these new ventures and we have high expectations these new companies will play an important role in the future economic development of our region.”
Barry Egan, Director – West Region at Enterprise Ireland (covering counties Galway, Mayo and Roscommon), is also actively involved in the delivery of the New Frontiers programme in his area. This includes promoting the programme throughout the year, as well as chairing the evaluation panel which selects participants for Phase 2. Barry and his team provide a range of inputs and supports to these entrepreneurs – business development advice, mentoring, access to the market research centre, and introductions to collaborators and financing opportunities.
Talking about the latest programme at GMIT, Barry Egan said,
“The New Frontiers Programme delivered by GMIT in Castlebar and in Galway is a valuable part of Enterprise Ireland’s supports for ambitious start-ups in the west of Ireland. The new group of entrepreneurs starting their six months incubation programme are an exciting mix of ventures across a range of sectors including Agri, ICT, and Lifesciences. We look forward with interest to seeing these early stage entrepreneurs turn their ideas into sustainable companies that will trade and prosper internationally from the west.”
Discover what’s on offer at Galway-Mayo Institute of Technology and see our upcoming deadlines around the country. You can register your interest in the programme at any point during the year.
[Photo (l-r): Paula Carroll, Enterprise Ireland; Margaret Charleton, Enterprise Ireland; George McCourt, GMIT; John Gannon; Raymond Heneghan; Derval Dunford, Sean Hehir, Catriona Watters-Crehan, Mark Toner, Martin Flynn, Ken Kinneen, Ernestine Duffy, Tony Geraghty, and Patrick Mulvihill – all course participants from Galway and Mayo; Tony O’Kelly, New Frontiers Manager; and Patricia Carrick, GMIT.]