Posted on Tuesday 21 August 2012 by Ulster Business
Pictured at the iconic Titanic Belfast Building, which will host the Island’s next generation of Start Ups at the Seedcorn final, are Brendan Butler from InterTradeIreland and Dr Hugh Cormican of Cirdan Imaging, a Seedcorn regional winner in 2011.
The competition is open to all independent companies incorporated in Ireland or Northern Ireland in the seed, start-up or early stages of business development and ideally targeting international markets.
Brendan Butler, InterTradeIreland Board Member and Chair of InterTradeIreland’s EquityNetwork is encouraging local companies to enter before the deadline: “Seedcorn is the largest business competition of its kind across the island and provides a real opportunity for businesses to receive a major cash boost at a time when many continue to find access to funding difficult.
“As well as the significant cash prize fund on offer, the competition mimics the real-life investment process and gives companies a valuable opportunity to refine their business plan and ensure that they improve their ‘investor-readiness’. In addition, companies will receive access to an extensive business and investment community that can help boost their profile and create further investment opportunities in the future”, he said.
Companies submit their business plans which are then assessed and, if shortlisted, are invited to deliver an investment pitch in front of the judging panel comprising venture capitalists, business angels and some of the island’s leading industry experts. The final date for completed business plans is Wednesday 12th September at 1pm.
The winners of Best High Growth Company and Best Emerging Company categories stand to win €100,000 and €50,000 respectively. There are also six regional prizes of €20,000 and one Best Spinout prize of €10,000.
For further information about the Seedcorn competition and to register visit www.intertradeireland.com/seedcorn. You can also follow the competition on Twitter @ITI_Seedcorn or join the Seedcorn Network on LinkedIn.