Going for Growth

Ireland
Phase: Anticipation
Type:
  • Advice
  • Matching/Networking
  • Support of companies' growth
Sidst ændret: 03 August, 2021
Lokalt navn:

Going for Growth

Engelsk navn:

Going for Growth

Coverage/Eligibility

Going for Growth is a mentoring programme aimed at women entrepreneurs whose business has been trading for at least two years. It is open to female entrepreneurs across all sectors in the Republic of Ireland. The programme advises that the entrepreneur 'should already be the owner manager of a business of which she is a major shareholder and key influencer' and that suitable applicants 'need to demonstrate significant aspiration for growth and should be working full time in the business.'

Main characteristics

Participants have access to 'round tables' meetings with lead women entrepreneurs who share their experience and recommendations. Each lead entrepreneur commits to do 'round table' meetings, on a voluntary basis, for three hours per month during the six-month programme cycle. The round table sessions 'explore a series of relevant questions related to growth and work through a series of agendas which explore relevant questions with a focus on achieving growth' (Going for Growth webpage).

The most important feature of this programme is that the mentors are experienced entrepreneurs who know how difficult and isolating can be to establish a business. They are willing to share their journey and inspire participants.

The Going for Growth initiative is funded by Enterprise Ireland and KPMG and the initiative began in 2009.

The 11th cycle was completed in June 2019, while the 12th cycle began in January 2020.

Funding

  • National funds
  • Employer

Involved actors

National government
Enterprise Ireland
Employer or employee organisations
KPMG

Effectiveness

As of June 2019, the programme has completed 11 cycles of mentoring, allowing more than 660 women entrepreneurs to benefit of the peer to peer exchange and mentoring from lead entrepreneurs. Participants reported an increase in their confidence, ambition and motivation.

The Going for Growth cycle in 2016 reported that 75% participants increased their turnover over the six months of the cycle by an average of 33%, bringing the turnover of the group to over €33.2 million. There was a 43% increase in the number of exporters among the group. An additional 70 jobs were created by participants (+17%), while 415 existing jobs were strengthened (Going for Growth webpage).

Strengths

The programme received awards during the years and the value of the service it provides has been recognised by private and public stakeholders. A pilot initiative inspired by this programme was run in 2014 in Finland and Going for Growth won the Investing in Entrepreneurial Skills Category at the European Enterprise Promotion Awards 2015.

Each cycle of Going for Growth features insightful testimonials from participants. An example from the 11th cycle is from Aine Gleeson, propietor of WowWee.ie, who said the programme was a "fantastic support" for her business. The programme provided Ms Gleeson with "amazing, informative workshops on relevant subjects like Finance and Branding" and she said she was able to grow her business almost immediately from what she learnt.

Weaknesses

No information available.

Eksempler

Many participants found the support of the Going for Growth peers and leaders beneficial for the improvement of their confidence in running their business. Participants stories are available here: https://goingforgrowth.com/testimonials_category/11th-cycle/
Useful? Interesting? Tell us what you think. Hide comments

Eurofound welcomes feedback and updates on this regulation

Tilføj kommentar