Waterford News

Waterford early-stage entrepreneurs wanted for New Frontiers

New Frontiers Anthony CroninThe New Frontiers programme for early stage entrepreneurs is open for applications for its 8-week programme starting in September.

New Frontiers is for potential entrepreneurs who have a well thought-out innovative business idea or an innovative technology that has the potential to be developed into a scalable high potential start-up company.

New Frontiers Programme Manager at Waterford Institute of Technology (WIT), Eugene Crehan notes that there have been more company formations in the first few months of this year. “Despite the buoyant jobs market, the increase in company formations indicates people are still interested in pursuing their own business ideas and using their talent to create viable products and successful companies.”

“The time commitment for Phase 1 is one evening per week for 8 weeks, starting from early September. This is a good investment of time for people already putting in long hours and late nights to put their skills and expertise to use for their own benefit. As Phase 1 takes place in the evenings it is ideal for working people who want to investigate their start-up idea over a few months.”

Past participants from Waterford in recent years include Flexiwage Ltd. Anthony Cronin from Tallow, Co. Waterford is the founder of Flexiwage.  He embarked on the programme with his employee financial wellness idea of giving employees control over their monthly salary payments.  Flexiwage allows employers to consolidate payroll cycles to monthly saving up to 75% of their payroll administration costs.  More details of the company available at www.flexiwage.com.

Anthony says, “New Frontiers was fantastic for me as an individual and also for Flexiwage as a company, apart from the great mentoring from Eugene and the gang in WIT, I also made a lot of new friends and connections with other participants.  The ability to work through your idea and formulate a viable business plan and model with the assistance of both experienced mentors and peers was invaluable.  Thank you New Frontiers for getting us started!”

In 2016 Enterprise Ireland announced increased supports of early-stage entrepreneurs over five years across the south east region with funding of €2.7m to run New Frontiers programmes in Waterford and Carlow Institutes of Technology. 

Early-stage entrepreneurs from across the south east with three hours a week to spare are invited to apply for the 8-week New Frontiers programme – the deadline for applications is Monday, 3 September. Applicants apply online at www.wit.ie/newfrontiers.

Phase 1 of the New Frontiers Programme will commence in Waterford at Arc Labs, the innovation hub based on WIT’s West Campus in September 2018 on a part-time basis, with Phase 2 commencing in December 2018.

 

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