Aughrim com­pany se­cures €50,000 in re­search funds Start your own busi­ness course

Wicklow People - - NEWS -

A SOUTH Wick­low busi­ness has been awarded fund­ing to the tune of €50,000 un­der an EU sci­en­tific re­search pro­gramme.

The fund­ing was an­nounced this week and GDG, Aughrim was se­lected as one of nine SMEs to re­ceive the grant which is awarded un­der the Hori­zon 2020 SME In­stru­ment.

Each of the com­pa­nies re­ceives the lump-sum pay­ment to cover draft­ing a busi­ness plan plus three days of busi­ness coach­ing and free busi­ness ac­cel­er­a­tion ser­vices.

GDG will put the fund­ing to­wards the de­vel­op­ment of a De­ci­sion Sup­port Tool to Man­age Earth­works along Road and Rail Net­works

Com­pa­nies can ap­ply for two dis­tinct phases un­der the SME In­stru­ment, de­pend­ing on the ma­tu­rity of their in­no­va­tion.

Un­der Phase 1 of the SME In­stru­ment each project will re­ceive a lump-sum of €50,000 to carry out a fea­si­bil­ity study.

Un­der Phase 2, each project will re­ceive from €0.5 to €2.5 mil­lion to fi­nance in­no­va­tion ac­tiv­i­ties such as demon­stra­tion, test­ing, pi­lot­ing and scal­ing up.

Ap­pli­cants can re­quest higher amounts if duly jus­ti­fied in their ap­pli­ca­tion. A COURSE on how to start your own busi­ness will take place at the Brock­agh Com­mu­nity Cen­tre in Laragh dur­ing the month of May.

The course has been ar­ranged by Lo­cal En­ter­prise Of­fice Wick­low and starts on May 3 from 7 p.m. to 10 p.m.. It costs €80 to take part.

The ob­jec­tive of the Start Your Own Busi­ness Pro­gramme is to as­sist par­tic­i­pants in as­sess­ing the vi­a­bil­ity of busi­ness ideas and in un­der­stand­ing the es­sen­tial el­e­ments re­quired to start up and run their own busi­nesses. This is an evening course that runs over 10 weeks.

Top­ics that will be cov­ered in­clude self as­sess­ment, pre­par­ing a busi­ness plan, re­search­ing the mar­ket, sources of fund­ing, sales, le­gal is­sues, mar­ket­ing for small busi­ness, fi­nance, ba­sic book­keep­ing and us­ing IT and so­cial me­dia in your busi­ness.

The trainer will be from The En­trepreneurs Academy. Visit www.lo­ca­len­ter­prise.ie/Wick­low to book your place.

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