Support Available for High Potential Northern Ireland Businesses!

July 25th, 2014

Invest Northern Ireland are calling for applications for the highly successful Propel Programme. The programme is aimed at businesses and entrepreneurs of high potential, who are seeking ways to grow and develop their business activities internationally.

Through Propel, Invest NI can offer:

  • Up to £20,000 financial support.
  • A series of 12 high quality training workshops.
  • Individual mentoring support from experienced international entrepreneurs.
  • Help with drafting an investor ready business plan.
  • Shared work space.
  • Support to make overseas market visits.
  • Networking opportunities.

The window for applications opens on August 4th. If you are unsure if you and your business are suitable for applying for the programme, please examine the criteria below. For further information visit investni.com/propel-programme

• Participants must establish their business in Northern Ireland
• Participant on Propel must be the CEO/founder of the business
• Participants must be fully committed to the Propel programme during Phase 2
• Participants must not have participated in Invest NI’s previous Propel or Transform programmes with the same business proposal
• Participants must be over 18 years of age;
• The business idea must be innovative
• Existing businesses must be established no longer than 2 years. If business is already established it should be trading for no longer than 2 years
• The business should have significant growth potential, with a target annualised growth of at least 20% in a number of key performance areas by year three
• The business should have significant market opportunity (£250k turnover by year three), particularly in international markets, with a target of at least 50% of sales to be in external markets by year three
• The business must be capable of creating jobs in Northern Ireland and within the next three years
• The product must be at least at prototype stage, capable of commercialisation in the next 6-9 months
• A management team with a strong track record should be planned or already in place
• There must be a realistic expectation that the funding required to grow the business can be accessed.
 
 

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