County’s Best Young Entrepreneurs win €50,000 investment

Three of the county’s best young entrepreneurs have won a total investment of €50,000 through the Local Enterprise Office Roscommon, as part of the €2 million Ireland’s Best Young Entrepreneur competition (#IBYE).

  The local winners and investments won were as follows: Best New Idea (winning a €10,000 investment): Enda Mahon, Mahon Solutions, Ballymoe; Best Start-Up (winning a €20,000 investment): Mark Bannon, VT Networks, Athlone; Best Established Business (winning a €20,000 investment): Oz Ibrahmi, Hex CNC, Knockvicar.

  Oz Ibrahmi, from Hex CNC, was also named as Roscommon’s ‘Overall County Winner 2015’.

  All local winners will now represent Roscommon at the regional finals in Claremorris on October 30th. A total of 24 finalists will then compete at the Ireland’s Best Young Entrepreneur National Finals in December.

  Louise Ward, Head of Roscommon Local Enterprise Office, paid tribute to all the young entrepreneurs in the county.

  This year’s judging panel of James Donlon, Westbic, and George McCourt, GMIT Innovation Hubs, who joined Louise Ward, were also thanked during the ceremony for their role in the competition.

  Last week’s ceremony was the culmination of a competition that began in August, with 28 applicants entered. This was shortlisted to ten competitors.

  They attended a bootcamp at Delphi Adverture Resort, Leenane, at the end of September, with finalists from counties Galway and Mayo, and subsequently the three Co. Roscommon winners were selected.

  Accepting the prize fund of €20,000, a certificate and trophy, Bealnamulla’s Mr Bannon described the company as a ‘internet of things’ network operator.

  Oz Ibrahmi scooped the Best Established Business prize – which includes €20,000, a certificate and trophy – for his company, Hex CNC.

  He was also announced as the overall Co. Roscommon winner.

  Mr Ibrahmi, who is 28, is from Dubai but lives in Knockvicar, near Boyle. It is from there that he has established Hex CNC, which, he said, “allows hospitals to produce parts for patients much faster than they used to before.”

  Mr Ibrahmi said that he worked with a team of three people in Hex CNC, and that they also collaborated with a team of doctors in developing the concept.

  In a press statement, Independent TD Michael Fitzmaurice congratulated the winners.

  “It’s great to see some of our young people returning home and putting their skills and experience to good use. 

  “I also congratulate LEO (Local Enterprise Office), Enterprise Ireland and the Department for Jobs, Enterprise and Innovation for their work in supporting young entrepreneurs.”