25 companies from across the island of Ireland are in with a chance of winning a share of €280,000 as this year’s InterTradeIreland Seedcorn Investor Readiness Competition regional finalists are announced ahead of the regional heats which start later this month.
Now in its 16th year, Seedcorn is Ireland’s biggest business competition for innovative new start and early stage businesses in any sector, from any part of the island. As well as a substantial cash prize fund, participants benefit from promotional, business planning workshops and mentorship support throughout the competition.
The shortlisted businesses will now battle it out across two categories for – Best New Start Company and Best Early Stage Company – at four regional finals to be held in Munster, Connacht & Leinster, Dublin and Northern Ireland this autumn. Companies who have already reached this stage have successfully submitted a visual representation of their business idea and a full business plan and will now deliver an investment pitch in front of an expert judging panel comprising of venture capitalists, business angels and some of the island’s leading business leaders.
Speaking about this year’s regional finalists, Shane O’Hanlon, Funding for Growth Manager at InterTradeIreland said;
“The calibre of entries we receive continues to rise as business and entrepreneurs hone and refine their ventures, so I’m delighted to offer my congratulations to all those who have reached the regional final stage. From AI software to help 3D artists to sprouted grains for alternative baking, Seedcorn continues to attract a diverse spread of entries from across a range of sectors with many reflecting changing modern trends, digitalisation and solutions therein.”
Two winners from the regional finalists will go on to compete in the all-island final of the competition which will take place on Thursday 22nd November in Belfast.
To date, InterTradeIreland has supported over 2,300 enterprising companies through the Seedcorn process. With €238 million in new equity being raised by the companies which have reached the regional finals stage of the Seedcorn competition over the past 16 years, the competition has a strong track record of supporting early business start-ups to become investor ready.
Further details are also available on the Seedcorn website at www.intertradeireland.com/seedcorn and follow on twitter @ITI_seedcorn.