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Dublin: 16 °C Sunday 19 May, 2013

Enterprise Ireland scheme aims to create 100 companies annually

The government is launching a new multi-million euro scheme for entrepreneurs today.

Junior Minister Seán Sherlock is launching the scheme today
Junior Minister Seán Sherlock is launching the scheme today
Image: Sam Boal/Photocall Ireland

THE GOVERNMENT IS today launching a new entrepreneur recruitment programme which aims to deliver 100 new companies every year.

The New Frontiers programme is being launched by Minister for Research and Innovation Seán Sherlock who said that the scheme would “give people the skills they need to successfully set up and run a company”.

The scheme is being funded and co-ordinated by Enterprise Ireland and will be delivered at a local level by the 13 Institutes of Technology (IT) across the country. It will cost €4.25 million to implement.

“The focus of the New Frontiers programme is developing people into entrepreneurs -laying the foundations and imparting the entrepreneurship skills needed to move from business concept to reality,” Sherlock said.

New Frontiers is part of the government’s Action Plan for Jobs which was launched amid much fanfare recently. Sherlock said it will have the potential to deliver 100 new companies annually.

“The core element of New Frontiers is a six-month intensive programme which will focus on developing the person’s entrepreneurial abilities, equipping them with the skills they need to run, and crucially to develop, sustainable businesses,” Sherlock added.

Sherlock said that 250 applicants will be accepted on the first phase of the programme where they will be tested on their business idea over an eight-week period. After this 150 will qualify for the six-month training scheme.

Particpants will be given office space in the relevant IT as well as €15,000 from Enterprise Ireland to allow them to develop their business over a six-month period.

“We are looking for people who can create sustainable businesses with the potential to deliver local employment,” Martin Lyes, Manager of Research and Innovation at Enterprise Ireland said.

Read: Here’s how the Government plans to create 100,000 jobs

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Comments (43 Comments)

  • Fantastic. It’s great to see Enterprise Ireland focus on homegrown business to generate employment. There are some great people out there with some great ideas that need this help to get off the ground. Looking forward to reading the success stories next year.

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  • D Burns 27/02/12 #

    That sounds like a great idea and definitely one worth considering for any budding entrepreneur!

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  • This is a new format to an existing programme. I know because I am on the programme as we speak. It is currently called the Enterprise Platform Programme.

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  • I hate to be the one to point out that the emperor is wearing recycled clothes.

    All of these supports have been available for years through a variety of quangos. This is just a repackaging.

    Also, this will not CREATE a single company. It may provide worthwhile supports to people who have already decided to start heir own business.

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    • You’re right without a doubt. Just look at the facts presented here: 2 months convincing EI you have a viable idea, 6 months on a course, and €15k to implement it? Seriously. Do they honestly expect this crappy effort to generate a sustainable company. Just give the money to people who know what they are doing so they can expand. No one in an Institute of Technology knows how to run a business anyhow, otherwise they would be doing so.

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    • Chris 27/02/12 #

      Agree about the IT point for some people, but just look at the dragons den and u will see that while people may have a good idea for a company they can also have absolutely no business skills. This will def help them

      15 grand would go a long way in starting a business for me though, definitely can’t be overlooked! 15 grand?? Its unreal!? Don’t care if I have to spend 2 months convincing them of it, I’m fact it’s probably a good thing!! We don’t want the scheme to be abused

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    • The feasibility grant from EI was 15,000 back in 2001. I secured one then for a crappy idea that never got off the ground.

      I started my own business with a 5K over draft in 2003. That focuses the mind. Where there’s a will there’s a way.

      I was grateful for a Skillnets feasibility grant in 2005. That paid my mortgage for a few months when I was going through a self inflicted rough patch.

      These grants are dolled out by a nanny state by a wet nurse minister. It’s more about the Government needing to look like they’re doing something.

      Far better off if they just reduced the rates for the 100,000 of existing businesses that are struggling to survive than trying to grab headlines with this non sense. Governments have NEVER created jobs.

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    • Indeed Paul. You have hit the nail on the head. This is just window makeover. The fundamental problem is that the incentives are off beam in the country. The professional fees that can be earned in law and accounting, and the high salaries and pensions that attach to the upper levels of the public service, including all the third level institutions which will be paradoxically providing entrepreneur training, completely run against business set up. Until these incentives are diminished, the country will continue to languish and be almost totally dependent on FDI.

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    • Totally agree Adam.

      When EI launched their International Selling programme – who did they award the contract to – DIT

      When FAS launched the domestic version of this programme (Saleswise) – who did they award the contract to? – DIT

      Reply
  • Mr Lee 27/02/12 #

    Great news! :)

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  • Having been dealing with a particular County Enterprise board, god help anyone looking for support from these incompetent fools…. Job creation is beyond most of them, vision is something they are bereft of…. God, amd i don’t believe in him/it, help this country

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    • Well said Brian – this is just more of this nanny state incompetent nonsense.

      They should privatize every state jobs agency and give them a start up grant and let them go. Let’s see then how much they bloody know about running a business. They wouldn’t last a month

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  • Over the past 4 years IDA has provided 25,114 Jobs. 110 of these were in Cavan. In fact in Co.Cavan there has been a net loss of 49 jobs over 5 years.
    IDA cost the state €995,795,000 over 5 years. So for an average cost of €248,948,800 the IDA has managed to reduce the number of jobs in Cavan by an average of 10 a year.
    On the other hand.
    Sean Quinn created 8,000 jobs himself, without the aid of IDA or Enterprise Ireland. Over 3,500 were in Cavan/Fermanagh. There is no person in the history of our state that has created more jobs than Quinn. That my friends is a fact.
    Hate him,admire him whatever you like, but the simple fact is with 467,000 on the live register we needed him.
    Did he gamble ? Did he just facilitate gambling ? No one on this blog knows, unless some Quinn, Fitzpatrick or Drumm are on, the rest is just what we are reading in the media.
    All I know is 26th Feb 2012. This country needs proven entrepreneurs, the ones with the track record for providing jobs. Not people talking about jobs or people bitching either.

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    • Well said Louise!

      It was interesting to see Sean Quinn on 6 i’clock news in High COurt today looking so positive and transparent. I have studied body language as part of my qualifiaction and Mr Quinn had all the appearance of a man who was confident, open and honest and ready to tell the truth about what happened in Anglo at appropriate time. No doubt Anglo fat cats will have run for cover with your money and mine by that time.

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  • I had a business so I could do with the money. Better still allow me to right off some of the debt and I’m back in business. Easy solution.

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  • Billygoatmuff-your name is apt. I am not Sean QUinn or any of his family. I have never worked in the Quinn Group and dont even live in Fermanagh or Cavan. Im just a concerned citizen who has researched this story for myself and not just fallen for the propaganda that we are having to pay for , in order for Anglo to fool and fleece the people.

    The Anglo fat cats must be laughing at people like you who swallow what they want you to believe.

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    • Did he gamble? Did anyone make him gamble? Who’s money did he gamble? How much would I make if he won the gamble? Who’s footing the bill for his loss?

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    • bILLY GOAT MUFF, clearly you are not following the details of the court cases or you would know that Anglo was managing the Quinn account and were shovelling money at Quinn for the illegal purpose of propping up the share price of the bank.

      Once again, the taxpayers would not have been out one cent and that included ICF levy if Sean QUinn had been allowed follow the business plan that would have guaranteed this and retained all the jobs. You will have a very different opinion when the Anglo spin is blown into smithereens in the big case. Roll on justice and truth,

      Reply
    • Hahahahahahahaha, you are just trolling now. Good 1

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  • sounds good as you need the skills and there are many people with ideas and dont know how to go for it.
    Thinks its a great idea!

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    • It would be except that these course don’t build skills. They may impart some useful knowledge. But here’s the reason why they are just a waste of money.

      If you have determination, drive and ambition, you will always find a way to get your business off the ground and you will be a stronger person for it.

      If you don’t, no amount of spoon feeding will help you succeed.

      If the government just strong armed the PS into awarding more government contracts to Irish companies and more specifically SME’s, the SME community would be thriving. Just look at who keeps getting legal, accounting and IT contracts – always the big 4/5.

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    • Its good and great to have ambition – but you need assistance around how to start, tax and accounting and all that “interesting” stuff (for me ;-) ) – I would personally die for courses like that as the drive, ambition, skills, ideas are there but none around the dry stuff as we say and that might stop a few people then to go ahead. And for example here in our local skillnet/partnership we have great great people and I attended a few workshops and they are great…..so just to motivate people to do their own i think its great!

      Reply
    • Chris 27/02/12 #

      Absolutely agree Paul. There is a culture in Ireland that mistrusts Irish companies, often thinking others countries can do better than us. This is also evident from reading comments on here

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  • Yes Sean Quinn was always greedy for more jobs and what a admirable greed that is.

    Really, I suggest that his critics who are so clearly uninformed about the true facts should really open their eyes. Anglo has brought this country to its knees and it is still conning and fooling those who are niaieve enough to fall for their spin. Why dont you ask the question who much has been recouped to date for the taxpayer and how much has been spent on PR and futile legal challenges.

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  • What a farce! They used taxpayers money to destroy the companies of the greatest entrepreneur this country has ever produced, Sean Quinn and now the Quinn Group is a sinking ship. The chairman even resigned last Friday as it is now clear that Anglo dont have ability or cop on to run the business and now thousands of jobs will be lost.

    That is what this Government did and it is a joke to hear them talking about creating jobs.\

    See http://quinn-anglo.blogspot.com/ for further revelations about how the taxpayers are being fleeced to the tune of billions.The Sean Quinn critics will feel like fools when they realize that they were taken for a ride by Anglo and that they and every other taxpayer are paying for the Anglo propaganda to fool the Irish people.

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    • Sean Quinn was a gambler, and lost.

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    • One of the greediest entrepreneurs that should read.

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    • @ Peter, And what exactly do you believe being an Entrepreneur is about, but making money…….

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    • Im off to work now, but before I go, can I ask you one question. Why do you think Sean Quinn submitted a proposal which offered all his companies to the State until all monies were repaid if he wanted to rip pff the taxpayer.
      The facts are that he did not want the taxpayer to be burdened by one cent and he had a business plan what was approved by Deutsche to make sure that this would happen.

      Now ask yourself, Have Anglo’s actions been in the best interest of the taxpayers and if so how much have they recouped and how much have they paid themselves and their fat cat colleagues? Wake up, Sean QUinn is not the enemy, Anglo is and people like you are making it so easy for them to rob us hook, line and sinker.

      Reply
    • What is the insurance levy except a burden on the Irish people?

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    • Sean Quinn made his money from cement. Sean Quinn was the richest man in Ireland and CRH was/is the biggest Irish company all from making a simple powder. Both Sean Quinn and CRH have operated a price fixing and market sharing cartel in the cement industry to the detriment of Irish taxpayers and consumers. Think about all the money spent on over priced cement and concrete during the Celtic tiger. Both Sean Quinn and CRH have stolen directly from each Irish person and this cartel is still in operation today but yet the Government refuse to do anything about it because of vested interests. Richard Bruton, former employee and current shareholder in CRH!

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    • ISBA.
      You now own Quinn Cement so what are you doing about it ? Anglo now owns Quinn Cement, Anglo is owned by the taxpayer. So you are a shareholder in Quinn Cement just as much as Bruton is a shareholder of CRH.
      By the way provide your source for such an outrageous allegation, or is your source anonomous like your name.

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    • Peter 66 27/02/12 #

      @Brian, why ask me that ? I want to make money but that does not make me greedy nor does it make me an entrepreneur. Quinn was the richest man in Ireland yet he did not understand

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    • ISBA stands for Irish Small Business Alliance. We are actively promoting Competition Law and its enforcement especially in the cement and concrete industry. Unfortunately the Government refuses to listen as all roads lead back to Richard Bruton. He is the relevant Minister. All opposition parties are fully behind us.

      As for our outrageous accusation. All you have to do us look at Richard Bruton’s CV and you see he worked as an economist at Irish Cement Limited (100% subsidiary of CRH) and then look at the official Dail registrar of interests and you will find that Richard Bruton is a shareholder in CRH.

      We are campaigning on this issue a lot but we need the public’s help to get this information out there. The public need to regulate the regulators.

      Follow ISBA on Twitter!

      Reply
    • ISBA, I Assume you are Padraic Burke. Again what proof of this cartel have you ? Simple question that you appear to be avoiding.

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    • Firstly Louise, the ISBA is not one person. It is an alliance of companies and people concerned about anti-competitive practices occurring throughout Ireland.

      As for evidence, there has been a significant decrease in demand since the onslaught of the financial crisis and the ensuing housing market collapse. Yet, the price of cement increased by 8% in 2009 and continues to increase. Independent concrete producers have received successive price increase letters over the last few years. It is simple economics, if demand decreases while supply remains the same then prices must decrease except when there is a a cartel maintaining an artificial price equilibrium.

      Further evidence is given by the price of concrete especially in the Dublin market. Prices in the Dublin market are below average variable cost (AVC). CRH is applying a margin squeeze to independent concrete producers by over charging for cement while selling concrete below cost. The aim of this strategy is to evict the independent competition from the market and then the cartel will have the ability to unilaterally raise the price of both cement and concrete to the detriment of consumers and taxpayers.

      We have a number of academic papers on the subject proving this is happening right now but as noted in the comment above Richard Bruton does not want to investigate the industry because he has a conflict of interest.

      Hopefully this will appease your skeptism. This anti-competitive conduct is costing the Irish economy dearly and it’s happening in many other sectors aswell. Unfortunetely the Government is not serious about enforcing competition.

      Increased competition = decreased costs = more jobs. It’s that simple!

      Reply
    • Dear Pauric,
      I assume you have no evidence or CRH would be up on criminal charges.
      From you logic I guess you are saying that bread, butter, milk producers are all in cartels to maintain prices, along with brewerys and countless other industries.
      Finally if raw materials prices remain the same then the price of cement would remain the same.
      And less demand= increased prices as otherwise the manufacturers would go bust equalling loss of jobs.

      Reply

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