Graduate Business Growth Initiative

Logo ESIF ERDF

The Graduate Business Growth initiative will support Enterprise Ireland SME client companies to hire up to two graduates per year. The initiative will support graduate placement across all disciplines and sectors.

This is a broad based graduate placement across all disciplines and sectors. This initiative is a 12 month placement support to embed higher levels of graduate capability in our SME client companies. The Graduate Business Growth initiative will support companies with ambitious growth plans to employ up to two graduates/year, with a Level 8 degree qualification on the National Vocational Qualifications Framework or equivalent. The offer will be available to all Enterprise Ireland client companies who meet the programme criteria.

The graduate will complete a project defined by the company linked to their overall growth plan. The company will identify an in-company mentor to work with the graduates; they will provide an infrastructure that supports them, both in their development and in the completion of the project, for the duration of the graduates’ employment.

Enterprise Ireland has designed and developed a dedicated website for its graduate offers and initiatives called www.gradhub.ie.  To support client companies to attract and recruit graduates, companies can advertise their opportunities via this website.

 

How will this benefit my company?

Company benefits:

  • Facilitate SME’s to more effectively compete for graduate talent.
  • Utilise graduates to help deliver defined company projects and embed capability and/or support the company achieve its goals.
  • Improve the skills base and competence available in the business, particularly in SME’s.
  • Employment grant support for up to 2 graduates/year

 

Graduate benefits:

  • A wide range of placement opportunities in indigenous growth oriented Irish SME’s.
  • Work on delivery of a practical project with an EI client company over a minimum 12 month placement.
  • Dedicated in-company mentor support during the programme

 

Am I eligible?

Eligible companies:

Gradhub: Graduate Business Growth Initiative is open to all E.I. SME companies[1].  The initiative is also available to eligible Udaras na Gaeltacht clients.

Ineligible companies:

  • Large Companies
  • Partnerships
  • Companies who have received High Potential Start Up Funding in the past 3 years.

Graduate Eligibility

Gradhub – Business Growth Offer is open to include graduates and postgraduates:

  • Seeking graduate entry level positions;
  • Have a recognised graduate degree not less than Level 8 on the National Vocational Qualifications Framework, or recognised equivalent, or a postgraduate degree not less than Level 9 of the National Vocational Qualifications Framework, or recognised equivalent;
  • Have a valid work permit to work in Ireland (if required) for the duration of the 12 month placement.
  • Have graduated within the last two years i.e. 2015; 2016 or 2017.
  • Graduates supported by jobbridge can be supported.

Ineligible graduates:

  • Graduates who cannot provide evidence of having reached the required academic standard on the National Vocational Qualifications Framework or demonstrate equivalence;
  • Graduates who do not at time of application have a valid work permit to work in Ireland.
  • Graduates who are more than two years post-graduation i.e. graduated prior to 2013
  • Graduates recruited or on the company payroll prior to the grant support date, graduates transferred from another location of the company to the grant aided company location; graduates performing a sales role for the grantee company; graduates supported by the Jobs Plus Programme administered by the Department of Social Protection.

 

What activities are eligible?

Eligible projects must meet the following criteria:

  • Applications from eligible companies;
  • A project defined by the company linked to their overall growth plan and be part of the strategic development plan of the company;
  • The company clearly demonstrates that it has an appropriate infrastructure (i.e. adequate work tools, desk/PC and support and access to work colleagues/supervisor or team leaders) to enable the graduate to fulfil the aims of the programme. 
  • The company identifies an in-company mentor to work with and develop the graduate on a daily/weekly basis.
  • Activities that support the development of the graduate.

 

What are the eligible costs and maximum funding levels?

This is a 12 month placement support to embed higher levels of graduate capability in our client companies. Enterprise Ireland will provide financial support of €15,000 or 50% of individual graduate salary costs (whichever is the lesser), with a limit of two graduates/year. The application submission date will be the earliest date on which the new grant-aided employees may be recruited.  Graduates must be new graduates to the company, funding for existing graduates or employees will not be supported. If a company has hired a graduate under the G4IG offer, funding to retain that graduate will not be supported by this offer.

 

Eligible Company Employment Costs:

  • Salaries and Wages of graduates approved under Gradhub Graduate Business Support Initiative (excluding Employers’ PRSI and Bonus)

 

Ineligible Expenditure

  • Recruitment Costs
  • Bonuses related to the graduate’s salary
  • Employers PRSI contributions
  • Travel and subsistence in Ireland or Overseas.
  • Any accommodation costs
  • Expenditure incurred prior to the date of receipt of the Application to Enterprise Ireland is ineligible.

 

How do I apply/call close dates?

There are no call close dates. The process is not competitive.  Applications will be evaluated by the company’s Development Advisor and put forward for recommendation by the appropriate Department Manager in Enterprise Ireland.  Applications will be assessed using the criteria below for each project submitted:

  • The potential impact of the project on the strategic direction of the company;
  • The commitment of the company to enhance its capability;
  • The quality of the proposed infrastructure within the company to enable the graduate to fulfil the aims of this initiative;
  • Previous Enterprise Ireland financial support and performance against targets.
  • All companies must identify a suitable in-company mentor.
  • The mentor for each company must attend a one day workshop on talent management which is delivered through Enterprise Ireland’s Excel series workshop.

All company applications for funding should be discussed with your Enterprise Ireland Adviser prior to submission.  

You can apply via the Enterprise Ireland Online Application System.

Prior to applying you must do the following:

  • Contact your assigned Enterprise Ireland Adviser to discuss your application.
  • First time applicants will be required to register on the Enterprise Ireland Online Application System.
  • Graduates will apply directly to companies; all company graduate opportunities can be advertised via the Enterprise Ireland website and via www.Gradhub.ie

 

How do I hire a graduate?

Companies are responsible for attracting, interviewing and hiring their own graduate(s).  Enterprise Ireland has designed and developed a dedicated graduate website called www.Gradhub.ie where companies can advertise their own graduate opportunities to attract graduates.

Companies are responsible for the setting of appropriate graduate salaries.  Companies are also advised that graduates must have achieved the minimum qualification standards for the Programme (not less than Level 8 on the National Vocational Qualifications Framework) and are within the definition of a graduate i.e. must have graduated within the last two years, 2013; 2014 or 2015.

Graduates will apply directly to companies; all company graduate opportunities can be advertised via the Enterprise Ireland website and via www.Gradhub.ie

 

Key contact/more information


[1]  Traded services are defined under the Industrial Development Act 1986 and Industrial Development Services Order 2010   (SI No.  81 2010)  see http://www.enterprise-ireland.com/en/About-Us/Our-Clients/Eligibility-criteria.html