Seedcorn 2018 Competition is now closed for entries.
The Seedcorn competition mirrors the real life investment process and can greatly improve your ability to attract investment for your business by helping you and your business become investor ready. The competition is aimed at early and new start companies that have a new equity funding requirement and has a total cash prize fund of €280,000.
Fill in a short application form telling us about your business
Provide a visual representation of your business idea. This can either be a short video clip or a slide show presentation or both. You will be given a time slot in early June in which to upload your visual.
New start company
For companies under five years old at 1 June 2018 and who are seeking to raise new equity of between €50,000 and €299,999.
Early stage company
For companies under five years old at 1 June 2018 and who are seeking to raise in excess of €300,000.
There are nine cash prizes up for grabs and entrepreneurs compete against each other regionally before competing for the all-island Best New Start and Best Early Stage Company titles.
Every business idea / plan submitted is reviewed by our investment experts and you are given individual feedback on request. Shortlisted companies also get a unique opportunity to pitch to investors and business leaders.
€100,000: Overall winner
€50,000: Best Category Winner
6 x €20,000: Regional Winners
€10,000: Special Award Winner for the best venture stemming from a university spin-out or support programme
Who can enter?
The competition is aimed at independent ventures incorporated on the island of Ireland(Ireland or Northern Ireland) in the seed, start up or early stages of business development and ideally targeting international markets.
The competition is for individuals or venture teams, who have created, manage and own such ventures.
The promoters/founder entrepreneurs are to have played a major role in conceiving the venture, continuing to have key management roles and to own significant equity.
Ventures which have already raised external equity in excess of €1m (or sterling equivalent) are not eligible.
The judges are looking for the same elements as a potential investor including:
High growth companies
The optimum risk/reward profile
A strong management team
Ability to exit
If you have any questions about Seedcorn eligibility or rules, or InterTradeIreland funding services in general, please get in touch.