Sponsoring Agency: MaREI
Type of Fund: Challenges, Competitions or Prizes
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 05/06/2021
Size of the Fund: Less than USD $50,000
If you are a Post Graduate Student, PhD candidate, Researcher or Early Stage Start Up with a Sustainable Business Idea, this is the competition for you. There are seven cash prizes of up to €4,000 to be won & follow on supports specific to your stage of development.
This competition is about encouraging those interested in Sustainable Entrepreneurship to take some action towards that Sustainable Future. It is open to early stage and aspiring entrepreneurs from across the Island of Ireland who are interested to engage with MaREI, their partner institutions and their collaborators in this competition Enterprise Ireland and the Local Enterprise Office network, through their kind sponsors Local Enterprise Office Cork City, South Cork and Cork North & West.
This competition will kick start the activity and progress required to turn ideas into solutions for a more Resilient and Sustainable Future.
Categories
There are two categories:
• Post Graduade Student/ PhD Candidate/ Researcher from any Third Level Educational Institution on the Island of Ireland
• Early Stage Start Up – Pre Trading or Trading for less than 3 years on May 6th 2021. Trading is defined as deriving income from sales of the product or service provided by the business
Prize Information
• There are three prizes in each category
o Overall winner – €4,000
o Runner up Winner – €1,500
o Runner up Winner – €1,500
o A seventh prize of €1,000 is also available. Details of this prize will be announced at the awards event on June 3rd 2021.
• Prizes have been kindly sponsored by the Local Enterprise Offices Cork City, South Cork and Cork North & West. These Local Enterprise Offices will arrange for prizes to be transferred to the prize winners as soon as is practical after the awards event. The Local Enterprise Offices will contact prize winners to explain the transfer process and to identify any additional information they may need to allow for the transfer of prizes.
What will be assessed?
• The Idea – is this idea likely to be feasible?
• The Promoter – does the promoter appear to have the drive and ability to bring this idea forward
• The Market Opportunity – is there a significant market
• Customer/ Potential Customer Interactions – Has the Idea been tested in any way with target customers
• The Potential Impact of this Idea for a more Resilient and Sustainable Future
• The Video Pitch
More information at: https://www.marei.ie/sustainable-business-idea-competition/
