The Seedcorn Investor Readiness competition is open to start -up and early stage companies
InterTradeIreland is calling for applications to compete with this year’s Seedcorn Investor Readiness, offering start-up and early stage companies a record total cash reward fund of € 300,000.
This year, a new Low Carbon Award will also be available, with a € 20,000 prize for the best investment proposal from a firm operating in the low carbon or green sector.
Early stages and start -ups companies can enter regional heat in their area – Dublin (city and province), Munster and Connacht and Leinster (including the provinces of Donegal, Cavan and Monaghan) and Northern Ireland.
Seedcorn winners come from all over the island of Ireland and represent a wide variety of sectors. They include Barracuda FX Dublin, Loci Orthopedics Galway, Valitacell Dublin, ALR Innovations Limerick and Epona Biotech / Stablelab Sligo.
Connor Sweeney, InterTradeIreland’s Seedcorn program manager, said the trip could be rewarding as an end result for many of the participants. “The 2021 Seedcorn competition is particularly important as we appreciate the challenges that startups and early stages companies have undergone over the past year. As well as the significant prize funding offered, the process is a perfect opportunity for to upcoming companies and future leaders across Ireland to develop their business plans, networking and construction skills, while learning how to best attract potential investors and raise equity.
“We felt it was important to add a low carbon category to the competition, reflecting the growth of the early stages of companies seeking to produce clean or alternative energy technologies. We look forward to seeing talent offered from competitors. this year – the competition has been straightforward and since it began in 2003, finalists in the region have continued to secure more than € 270m in new equity funds. “
Last year, NUA Surgical of Galway, which created a medical device to assist with Caesarean delivery, won the top prize of € 100,00 last year and recognized the competition for helping the business be prepared for investors.
“Our success at Seedcorn is great validation of our investment opportunity. It has shown that we are willing investors and another steppingstone in bringing the device to market, where we can really make a difference in women’s health,” said Barry McCann , CEO, NUA Surgical.
In the coming weeks, InterTradeIreland will host a series of free online information sessions, designed to guide those considering entering this year’s competition, along with providing advice on preparing videos clips, slide presentation decks and business plans.
The closing date for entries is May 28, 2021. To apply visit https://intertradeireland.com/funding/seedcorn