Innovator Founder

AM I ELIGIBLE?

Ask yourself the following questions. If you can answer positively to each of them, then you're definitely on the right path.

• Innovation
• • Business propositions should be able to demonstrate a clear and compelling unique selling proposition (USP) i.e. what is it about the product or service that differentiates it from its competitors?
  • The concept for innovation within the business should demonstrate a business proposition that is not easily replicable by others / can demonstrate reasonable barriers of market entry to otherwise replicating their proposed innovation.
  • The innovation element should be core to the success of the proposed business proposition and be primarily delivered within the business.
• Viability
• • The applicant’s business plan must be realistic and achievable based on the applicant’s available resources.
  • The applicant must have, or be actively developing, the necessary skills, knowledge, experience and market awareness to run the business successfully.
  • The applicant must demonstrate sufficient financial resources to fund the business’s operations and achieve its goals.
• Scalability
• • The applicant must show evidence of structured planning demonstrating a credible path to growth.
  • They must show potential for ongoing high-quality and skilled job creation.
  • There must be scope for growth in national and international markets.
  • The applicant’s projections must be based on credible research.