New Frontiers

What is New Frontiers?

The New Frontiers Programme is an Enterprise Ireland programme aimed at supporting the establishment and growth of technology or knowledge intensive ventures that have the potential to trade internationally and create employment in Ireland. DIT Hothouse deliver the 3-phased programme in partnership with IADT.

Phase 1 lasts approximately two months and is part-time in nature – typically entailing two evening sessions per week. The programme facilitators will introduce the group to relevant startup strategies, challenge each participant’s business idea and encourage participants to prove some degree of market validation of their proposed product or service. Phase 1 participants then compete to secure a place on Phase 2.

Phase 2 includes funding support for each participant, subject to rigorous and frequent assessment of performance and progress. Phase 2 participants, who must be working full-time on their venture, engage in a series of interactive workshops addressing all aspects of the startup process.

Phase 3 is a period of flexible support, helping successful participants towards investment and expansion. Participants have access to hotdesk space within the DIT Hothouse incubation centre during Phase 3.

We are now accepting applications for Phase 2 of New Frontiers!
Register your interest in receiving an application form here. Applications must be submitted by 12 noon on Tuesday, 31st May.


See schedule below for New Frontier Application Deadlines 2016:

                                          NF9 Phase 2

Date

Event

Monday, 25th April, 2016

Phase 2 Applications Open

Tuesday, 31st May 2016

Phase 2 Applications Close

Friday, 15th July 2016

Phase 2 Programme Start

Thursday, 8th December 2016

Phase 2 Programme End

 

                                          NF10 Phase 1

Date

Event

Friday, 29th July, 2016

Phase 1 Applications Open

Friday, 26th August 2016

Phase 1 Applications Close

Friday, 23th September, 2016

Phase 1 Programme Start

Tuesday, 25th October 2016

Phase 1 Programme End

 

                                          NF10 Phase 2

Date

Event

Thursday, 20th October, 2016

Phase 2 Applications Open

Thursday, 17th November 2016

Phase 2 Applications Close

 

Who should apply?

This programme can help you if you:

  • can demonstrate the capability and commitment needed to develop a sustainable business.
  • are ambitious, intending that your enterprise will achieve turnover greater than €500,000 and create more than five jobs in three to five years.
  • plan to build your business on a strong foundation of innovation and/or technology.
  • can provide evidence of a commercial market for your proposed product or service.
  • propose setting up an enterprise that is a manufacturing or internationally traded services business, or a new domestically traded service business with the potential to trade internationally.

The DIT Hothouse New Frontiers programme is open to applications from a diversity of sectors including:

  • food & consumer products.
  • information & communication technology.
  • engineering & electronics.
  • medical devices.
  • biotechnology, pharma.
  • digital media, and
  • eligible internationally traded services.

What does New Frontiers provide entrepreneurs?

  • Training in all areas of business including financial management, market research & validation, business process, patenting, product development, sales training.
  • Mentoring from experienced business advisers and practitioners.
  • Office and other business incubation facilities.
  • €15,000 from Enterprise Ireland for individuals participating in Phase 2 (*income tax liability will be the sole responsibility of the participant, and individuals are encouraged to seek professional advice).
  • Networking with other entrepreneurs and business development agencies.
  • Introductions to seed and early stage capital investment networks.
  • Access to entrepreneurship best practice, both national and international.
  • Peer-group learning from participants in the region and across the country.
  • Access to expertise in Enterprise Ireland through our market information centre.
  • Expertise from the institutes of technology and the supportive environment of their business incubation centres.

The Programme

New Frontiers is a three-phase programme that is designed to provide an integrated and comprehensive set of business development supports to participants.

Phase 1 - Testing

Phase 2 - Developing

Phase 3 - Implementing

Purpose
Provide knowledge & skills to test business idea

Purpose
Intensive development of the promoterand business proposition

Identify customers, sales and funding routes

Purpose
Determine viability of the business

Commitment
Part-time
6-8 Weeks
No stipend

Commitment
Full-time
6 months
€2,500/month*

Commitment
Ongoing
No stipend

Output
Preparation of promoters for intensive planning phase

Output
Fully explored business propositio
Milestone-based implementation plan

Output
Sustainable business
Entry to EI or CEB process where appropriate

Phase 1 - Testing the business

The first phase will be part-time over an 8-10 week period and will help you to validate the market potential of your business idea. These weekend and evening workshops will provide information and general start-up training, allowing you to tease out the feasibility of your business idea and to see whether a viable proposition exists.

Phase 2 - Planning the business

Following a competitive selection process, committed participants who have a strong value proposition and can demonstrate that their business proposition has potential to grow and create jobs may be offered a place on Phase 2.

If successful, you will receive intensive support for six months to develop both your own skills and to work up your business proposition. This will entail full-time participation in workshops, mentoring and regular reviews. Using these supports, 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. To facilitate this, you will receive up to €15,000 in funding subject to satisfactory development reviews (*income tax liability will be the sole responsibility of the participant, and individuals are encouraged to seek professional advice on this).

The aim of this phase is to support you in your development of an investor-ready business proposition.

Phase 3 - Developing the business

On the basis of their potential to develop sales and/or secure investment, businesses emerging from Phase 2 will then be guided to the government supports that can best help them at their particular stage of development. Further incubation facilities and support may be available to participants for a limited period. 

ERDF Logo July 2015          EI logoESIF Logo July 2015

Monday, 25th April 2016

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