Enterprising WestBIC

In this episode, Mary Ryan, Deputy CEO at WestBIC, delves into the specifics of Enterprise Ireland's Pre-Seed Start Fund. She provides a comprehensive overview of the fund, explaining its purpose and the crucial role it plays in nurturing early-stage start-ups. Mary details the eligibility criteria, outlining who can apply and the types of projects and entrepreneurs the fund is designed to support.
Furthermore, Mary discusses the application process, offering valuable insights and tips for potential applicants to improve their chances of success. She also emphasises how WestBIC can support you throughout the process, from initial application to securing funding.
Mary's insights make this episode an invaluable resource for anyone considering applying for the Pre-Seed Start Fund, providing clarity and guidance on leveraging this opportunity for business growth and innovation.
To find out more about our unique service offerings, contact us at www.westbic.ie
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In this episode, Padraig Considine from Professional Accounting Solutions sheds light on the journey of enterprising individuals venturing into the dynamic realm of entrepreneurship. He delves deep into tailored business insights crafted specifically for those initiating their entrepreneurial odyssey. Whether you're venturing into startup territory, transforming a passion project into a business, or simply exploring the entrepreneurial landscape for the first time, you're in the right place. Join us as we uncover practical strategies, dispense invaluable tips, and illuminate the path forward. From tackling initial hurdles to seizing promising opportunities, we're here to equip you with the knowledge and motivation essential for success. So, gear up with your entrepreneurial spirit and let's set sail on this exciting adventure together!


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In this episode Seamus McCormack, Area Manager at WestBIC delves into the profound impact of social enterprises in today's society. Join us as we discuss their benefits and highlight inspiring stories of positive change. Discover how social enterprises are reshaping our world, balancing financial success with social impact. It’s clear that social enterprises play a vital role in shaping a more inclusive and socially conscious economy. By balancing financial success with positive societal impact, social enterprises are contributing to a brighter and more sustainable future.  
 

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WestBIC's Alison McGonagle sits down with Anne Marie McLaughlin, Innovation Manager of the recently opened Inishowen Innovation (ii) in Buncrana, Co. Donegal, to discuss what the true benefits are of innovation hubs and facilities.
This episode explores:
Can you have it all? Work-life balance - can you have a successful career or start up while being based in a more rural area as opposed to the bigger urban centres?The added benefits of an innovation centre or hubHow Inishowen Innovation came to fruitionAnne Marie's return back home from the StatesThe continuous growth of innovation in DonegalThe supports available in Donegal and the NorthWest region
Inishowen Innovation Website: https://theii.com/
Email: AnneMarie.McLaughlin@theii.com


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This episode is for any early-stage entrepreneur, people thinking about perusing entrepreneurship or applying for funding. The beginning of this story is about identifying a real problem worth tackling with a view to building a profitable business but as the conversation develops, Margaret Rae, Co-Founder and Managing Director of Konree Innovation delves into many tips and tricks to building an investible business and so much more. Margaret talks to Chantal Costello (WestBIC), about the supports she received from New Frontiers, to EMPOWER, to the Women EU Tech Award, to WestBIC, to Enterprise Ireland. 
Some key topics include:
-       Konree Innovation, how it all started and the idea generation process
-       Margaret’s move from a researcher to an entrepreneur 
-       Stepping forward into female entrepreneurship and overcoming barriers 
-       Building confidence 
-       Building a network that you can trust and lean on, supporting fellow entrepreneurs and paying opportunities forward. 
-       Understanding and acknowledging the gaps in your business and making a plan to fill them.
-       What startups need to know about Enterprise Ireland’s Pre Seed Start Fund 
-       Optimising investment to propel the company, hitting milestones and impact management.
-       How to hire the right team .
-       Recruiting the right co-founder, and co-founder compatibility!
-       Tips on writing applications 
-       So much more!!
Register for the next online Application Support Workshops are organised by the Business Innovation Centres (BIC) in collaboration with Enterprise Ireland for the Pre Seed Start Fund here. These workshops are interactive and participation is welcomed from entrepreneurs and early stage companies considering applying to the fund, including those based internationally looking to start a business in Ireland. Workshops are free to attend but advance registration is required.
Contact Margaret here: https://www.linkedin.com/in/margaret-rae-74304736/?originalSubdomain=ie

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This episode is whistle-stop tour for entrepreneurs, founders and new business owners to ensure they avoid making critical legal mistakes that could back to bite them! Laura Myles, the Head of Data Privacy and IP at Flynn O'Driscoll LLP and Cian Mannion, Corporate associate at Flynn O’Driscoll LLP speak to Ultan Faherty, Project Manager at WestBIC  around investment, intellectual property protection and shareholder matters. 
Listen to this episode to gain clear, tangible & practical insights into:
-       The benefits of incorporating a company 
-       The importance of a shareholder’s agreement, especially when it comes to cofounding a company
-       Protecting Intellectual Property Rights
-       Should equity be on the table as an incentive to key hires?
-       Being realistic about the exit strategy
-       The risk of diluting the ownership of your own company 
-       Taking on investment at scaling stage
-       Red flags & green flags that investors look for when investing in a start-up 
-       Investor rights that a company should be aware of
-       What are term sheets & are they negotiable?
-       What to look out for when thinking about an acquisition 
-       Areas that can affect valuation.
-       And so much more!
For more legal advice tailored specifically to your start-up, contact Laura Myles lauramyles@fod.ie or Cian Mannion– cianmannion@fod.ie
Website: https://fod.ie

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