September 16, 2008 Leave a comment
Apologies for not gettting this posted by the closing date. But the ‘closing’ date on these things tend to be flexible, so if you’re interested if worth checking out the NEPP site. Mulley has already blogged about similar programmes at hothouse (docklands), sepp (south east) and m50 (Tallaght IT) if you’re located outside of the North-East.
Our claim to fame is that FirstPartners.net went through this program in 2003. And failed. But failed quickly – we realised within months that the mad business idea (selling open source technology to accountants) wasn’t going anywhere. We were able to bring the lessons learned back into the main consulting business. Far better than a lingering , drawn out half-life.
Enterprise Platform Programme
Enterprise Support for Innovative Knowledge based, High Tech and Information Technology Startups
The Novation Enterprise Platform Programme (NEPP) is a programme of support for graduate entrepreneurs with an innovative business idea in the Knowledge Based, High Tech or IT sectors.
The main objective of the programme is to develop the commercial and job creation potential of the participant businesses. The programme delivers comprehensive training in business and management to equip participants to successfully start up and manage a new business. The
programme assists participants in the achievement of personal and business development goals in relation to the project. It also assists participants in the completion of market or technical feasibility studies and/or the preparation of a business plan.
Since its conception in 2001, over 70 entrepreneurs have participated on the Programme. A survey conducted recently confirmed that over 54 businesses have been established by NEPP participants resulting in total employment of 311 people and sales of €27million per annum.
Participants have also raised over €39 million in VC funds.
The programme will be managed by the Regional Development Centre, on the campus of Dundalk Institute of Technology. Participants may choose to be based in the professional, entrepreneurial environment of the Regional Development Centre, and will have access to the laboratories, equipment and resources of Dundalk Institute of Technology.
Eligible participants receive a consultancy / travel allowance of approximately €1150. Eligible participants may also apply for funding through Enterprise Ireland’s Commercialisation of Research and Development (CORD) grants, whereby they can receive up to 50% of their previous year’s verifiable income (the grant in total will be capped at a maximum of €38,000).
The Novation EPP is a comprehensive package of business development
- Project management and on-going monitoring of progress
- Travel / consultancy allowance
- Structured business and enterprise training to develop the knowledge and skills necessary to start-up your own business.
- Networking with entrepreneurs, industry practitioners, researchers and trainers.
- Access to office space and specialist facilities, equipment and resources.
- Mentoring system which provides one-to-one advice and guidance
- Business Coaching which aims to optimise participants’ business performance
- The programme will commence in Sept. 2008 and there will be regular formal reviews of participants’ progress.
- Prize Fund. The 2008/09 programme introduces a prize fund for participants. Eligible businesses will be judged on a variety of criteria including best improvement, degree of innovation, presentation before a panel and performance at end of year tradeshow.