Student INC 2013

CIT Student Entrepreneurs Hatch a Business Plan

Over the summer, while others are sunning themselves at the nearest beach, a group of hardworking student entrepreneurs are working full time to develop their projects into viable businesses.

Five fledgling businesses were accepted on to the summer Internship programme in the Rubicon Centre, Cork Institute of Technology’s on campus innovation (incubation) centre.  Dubbed “The Hatchery” programme by many, the programme offers all the resources needed to rapidly grow at these initial business stages.
Mentorship was available to each business from onsite entrepreneurs along with seminars from top industry professionals.  The young entrepreneurs took up residence in a fully serviced office space provided by the innovation centre which gives them access to expert staff and exposure to the 57 start-up companies based in the centre.
Currently attending weekly training workshops, covering many topics, the student entrepreneurs plan to use this knowledge to complete a business plan by September.
Seed funding was provided to assist the businesses from a number of departments across the college including the School of Business, the School of Engineering and Science, Crawford College of Art and Design and from a CIT alumnus.

The current cohort of businesses will conclude their time on the programme by showcasing what they have achieved over the summer months.   Now receiving over €20,000 funding to support these talented entrepreneurs, the programme is growing from strength to strength with an increase in the number of available places from 2012.

CIT’s Industry Liaison Manager, Carole O’Leary, who has been driving the growth of this programme since its inception said “this programme provides the vital link for student projects to develop in to viable business ventures through business incubation and expert mentoring.”
Cork Institute of Technology has long been a leader in the area of campus entrepreneurship with a strong entrepreneurial ecosystem in place for students.  From the enterprise innovation society (Idea Hub) and Enterprise internship positions to a wide range of development programmes, students are encouraged at every level to pursue their innovative ideas.

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