Kilkenny man in the running for Ireland’s Best Young Entrepreneur

Christopher Dunne

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Christopher Dunne

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news@kilkennypeople.ie

Enterprise Ireland National Final Kilkenny Company John Duggan Loanitt Ltd

Martin Corry, Enterprise Ireland, Heather Humphreys, T.D., John Duggan, Loanitt Ltd, Pat Breen T.D. and Oisin Geoghegan

John Duggan has reached the final eight of the Best Idea Category and is one of 24 finalists in the running for the Overall Best Young Entrepreneur title at this year's Ireland’s Best Young Entrepreneur (IBYE) Final.

The final will be taking place at Google HQ, Dublin this Sunday and John's finance company Loanitt Ltd has proven to be a huge success in the industry, making waves in its approach to financial management.

Loanitt Ltd is a FinTech B2B credit intermediary with a technology that streamlines the credit application process and offers a full digital experience for all stakeholders. It is actively optimising customer choice by creating a credit marketplace.

The company now acts as a financial broker working with multiple lenders in the Irish market and is authorized by the Competition and Consumer Protection Commission.

"The IBYE competition has been a fantastic journey. Particularly now at the finals stage, there are so many amazing and successful entrepreneurs with great stories, who have built, and are in the process of building successful companies and brands," John Duggan said.


Fiona Deegan, Head of Enterprise, wished John the best ahead of the final: "John has been an exceptional entrepreneur to work with right through the IBYE process. Both he and his business partner Padraig have an excellent attitude to furthering their business and that makes our job a lot easier. They are credit to the Local Enterprise Office Kilkenny and a further example of how the entrepreneurial spirit is alive and well in the region."  

The 24 IBYE Finalists for 2019 will be competing for a €100,000 fund across the three categories.  The winner of the Best Business Idea will receive a €15,000 investment with the runner up securing a €5,000 investment. 

The Best Start-Up Business and Best-Established Business winners will receive a €25,000 investment each with the runners up in those categories receiving a €5,000 investment, while the 2019 Ireland’s Best Young Entrepreneur selected from the three category winners will receive an additional €20,000 investment.  

The IBYE programme is run by the 31 Local Enterprise Offices (LEOs) in local authorities, funded by the Government of Ireland with the support of the Department of Business, Enterprise and Innovation and Enterprise Ireland.

Over 1,600 entrants applied to be Ireland’s Best Young Entrepreneur for 2019 but the Kilkenny company has made the final cut. 

For more information on the competition go to 'www.IBYE.ie' and for additional information on Local Enterprise Office supports and programmes go to 'www.LocalEnterprise.ie'.