InterTradeIreland is now accepting entries for its Seedcorn Investor Readiness Competition.
The all-island competition provides early-stage businesses with an opportunity to showcase their potential to investors and investment funds.
The aim is to help entrepreneurs prepare for investment, by offering them business planning support that includes expert feedback and pitching activities.
"This is a chance for companies to gain exposure, connect with investors, and elevate their market presence," InterTradeIreland said.
"Participants will benefit from the expertise of seasoned investors while strengthening their investment readiness."
This year, the total prize fund has increased to €800,000. Each regional winner will win an increased €50,000 with all category winners getting €100,000.
"This year, we're especially excited to introduce the Special Impact Award, which will recognise businesses that are leading the way in digitalisation and sustainability - priorities reflected in the new Programmes for Government," said Margaret Hearty, Chief Executive of InterTradeIreland.
In 2023, Mavarick was awarded €100,000 as the overall competition winner, alongside an additional €20,000 for the Sustainability/Low Carbon Award.
The Limerick-based company, which developed a platform that helps manufacturers optimise supply chain emissions, has since raised significant funds and seen considerable growth.
"The Seedcorn competition was a pivotal moment for us at Mavarick," said Dr Paul Byrnes, Chief Executive and Co-Founder of Mavarick.
"It provided invaluable insights into the investment process, which significantly impacted the next stages of our business.
"Since winning, we've secured €1.3m in a pre-seed funding round and continue to grow rapidly," he added.
