€50,000 Prize Fund for SCCUL Enterprise Awards

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€50,000 Prize Fund for SCCUL Enterprise Awards

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A €50,000 prize fund is on offer to Galway based entrepreneurs in the sixth year of an innovative competition aimed at encouraging entrepreneurship and rewarding local enterprise.

The SCCUL Enterprise Awards, launched on Monday night in the Institute for Lifecourse and Society, NUI Galway, is an initiative of community based company SCCUL Enterprises Ltd.

Businesses in Galway City and County are encouraged to enter in one of six categories including Agriculture & Food, Arts, Tourism & Sport, Business Services, Consumer Goods & Services, ICT and Social Enterprise. The competition is open to all businesses in Galway city and county with a turnover of less than €1.5 million.

The overall winner will be chosen from the winners of the six categories and will claim the first prize of €10,000 cash sponsored by SCCUL Enterprises Ltd, a specially commissioned trophy and a promotional package worth €2,500 from media sponsor the Galway Independent.

A new initiative this year is the SCCUL Enterprise Awards Bursary which is sponsored by St. Columba’s Credit Union. This €5,000 cash prize is designed to support a local entrepreneur or not for profit organisation in facing the day to day challenges of the early years in business.

Supporting the SCCUL Enterprise Awards this year are a number of local business organisations who have come on board as sponsors of the individual awards categories.

The six category sponsors are Collins McNicholas HR & Recruitment Group, Galway City Council, Galway County Council, Mazars and SSL Logistics.

Cash prizes of €1,000, specially commissioned trophies and media promotional packages worth €1,250 from Galway Independent are on offer to winners in each of the six categories. Runners up in each category will receive a special commemorative plaque and promotional package valued at €750 from Galway Independent.

The student enterprise award category is open to students attending courses up to level 8 in third level institutions in Galway. The student enterprise award has a prize fund of €2,000 sponsored by Winters Property Management with the winner receiving a top prize of €1,250.

The prize winners will be presented with their awards at a special SCCUL Enterprise Awards prize giving ceremony and business expo hosted by NUI Galway in the Bailey Allen Hall on Friday 29 January 2016.

Announcing this year’s awards programme, Michael Smyth, General Manager SCCUL Enterprises Ltd. said that SCCUL Enterprises was delighted with the success of the awards scheme which has rewarded over 100 businesses throughout Galway City and County over the past six years.

“This awards scheme aims to encourage the development of an enterprising business culture in Galway City and County which in the longer term will help us sustain growth and make a significant contribution to creating a vibrant region and to achieving greater social inclusion,” said Mr Smyth.

“Feedback received from previous award winners over the past six years tells us that these awards have made a significant impact on the success of their businesses. We have awarded enterprising local businesses up to €250,000 since 2010 and we look forward to celebrating this year’s successes at the awards and business expo on 29th January 2016.

“We are very pleased this year to introduce the SCCUL Awards bursary which will give a local entrepreneur or not for profit organisation a significant boost to their business. We are delighted that St. Columba’s Credit Union has come on board as the sponsor of this new initiative,” said Mr Smyth.

Speaking at the launch event, Dr. Emer Mulligan, Lecturer in Taxation and Finance J.E. Cairnes School of Business & Economics, NUI Galway said that NUI Galway was delighted to host the 2016 SCCUL Enterprise Awards Ceremony and Business Expo in NUI Galway.

A judging panel including some of the West of Ireland’s leading business people have been assembled to select the winners of the 2016 SCCUL Enterprise Awards.

The judging panel will be chaired by Declan Dooley, Managing Director of the Galway Independent. Deputy Chairman is Austin Sammon, Director, Audit & SME Services, Deloitte.

In ‘X Factor’ style, the judges of the six categories will pitch their chosen finalists to the final judging panel after which each finalist will be interviewed.

Closing date for receipt of applications is 5.30pm Friday 6 November 2015. Entries are accepted only on official entry forms which are available from The SCCUL Enterprise Centre, Ballybane or online on www.scculawards.ie.

 

Read full story on Galway Independent

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