New Frontiers Phase 2: Develop the Business
The call for applications for the next Phase 2 Programme open in May 2020.
Phase 2 is a full-time six-month intensive engagement and places are offered following a competitive selection process.
During Phase 2 you will receive intensive support for six months to develop both your own skills and to work on your business proposition. This will entail full-time participation in workshops, mentoring and regular milestone reviews, free co-working space and expertise and guidance from the programme team. Using this support, you will fully detail and validate your business proposition and identify potential customers, sales channels and funding options. You must be available for full-time participation in this six-month course. To facilitate this, you will receive up to €15,000 in funding, subject to satisfactory performance and development reviews. The aim of this phase is to support you in the development of an investor-ready business plan.
The programme consists of practical and interactive workshops, personalised one-to-one mentoring, financial support and co-working space. The programme is a game-changer for anyone serious about developing their business idea into a successful start-up.
We would recommend that anyone interested in applying for this phase of the programme consider applying to Phase 1.
Key Benefits to participating in New Frontiers Phase 2 are:
- Support package valued at 30,000 including a €15,000 tax-free stipend subject to satisfactory performance with no equity taken in your business
- Support & Guidance in developing a strong business plan
- Practitioner-led workshops covering all aspects of building a successful start-up
- 5 x one-to-one mentoring sessions with seasoned mentors from the Enterprise Ireland mentor panel
- Free co-working space & other incubation facilities for 6-Months
- Access to expertise within the Institute of Technology, i.e. research centres, graduates, etc.
- Web hosting and support from Amazon worth $15,000