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Still time for local start-ups to enter £10k Business Start-Up Challenge

19 January 2018

Creative and innovative local enterprises still have time to stake their claim for a £10,000 prize fund ahead of the closing date of Derry City and Strabane District Council’s £10k Business Start-Up Challenge.    

Louise Breslin, Business Development Manager with Derry City and Strabane District Council has urged local fledgling start-ups to get involved in the application process before the deadline of Monday 12th February 2018.

“Anyone who has started a business in the past year or who has completed the Go for It programme are encouraged to take part,” she said.

“The Council, through our Business Development team, are very focused on developing business and encouraging our local entrepreneurs and we believe that the £10k Challenge is a great way to encourage them to demonstrate their entrepreneurship and creativity and be in with a chance of securing one of the three cash prizes.

“We also hope to inspire everyone who takes part and create some value to them going forward with their plans.

‘We are committed to developing and expanding our existing business base and entrepreneurial activity is a critical driver of economic prosperity.

“The Challenge is testament to commitment set out in the Council’s Strategic Growth Plan to promote entrepreneurship and innovation. We are very lucky that Derry and Strabane is home to so many talented entrepreneurs and innovators. We as a Council want to encourage new thinking that will benefit the local economy and support entrepreneurs and organisations that have strong potential and smart new ideas.”

Seven cash prizes will be awarded to help entrepreneurs progress their business idea: a £2,500 1st prize, £2,000– 2nd prize and £1,500 – 3rd prize and 4x £1k prizes.

The application process will comprise of a completed application form accompanied by a business plan and these will be reviewed by a panel of four judges who will shortlist six businesses to pitch their business idea at a winners’ announcement event which will be held as part of Enterprise week on Thursday 8th March 2018.

Applications are open from insert date and can be accessed via Derry City and Strabane District Council’s website at www.derrystrabane.com/10Kchallenge.