Exciting news as new entrepreneurial scholarship funding is announced between Trinity Business School and The Liffey Trust.
One of Europe’s oldest incubators, The Liffey Trust, is partnering with Trinity Business School (TBS) at Trinity College Dublin (TCD) to provide scholarship funding to students enrolled in its MBA programme.
Funding worth €10,000 will be provided by the Séamus McDermott Scholarship for an entrepreneur beginning in September of this year. The number of €10,000 scholarships will increase to four each year, spanning the next 10 years and totalling €340,000 over the fund’s lifetime.
‘We at Liffey Trust have long supported job creation through entrepreneurship and recognised that in order to do this successfully, partnerships are essential’
– SÉAMUS MCDERMOTT
Dean of TBS, Prof Andrew Burke, said of the MBA programme: “People always assume that business start-up is the hardest part of entrepreneurship, whereas research has shown that it is the later challenges of survival, growth and professionalisation that pose the greatest challenges for new ventures.
“An MBA is very much more focused on providing solutions for these latter developmental requirements for new businesses, so this scholarship is well placed to support ambitious entrepreneurs.”
A victory for Glencar Healthcare
The winner of the inaugural scholarship was John Drumm, founder of Glencar Healthcare, a company that specialises in funding Irish healthcare infrastructure. Drumm was enthusiastic about the win: “I am delighted to accept the Séamus McDermott scholarship and am looking forward to starting the upcoming MBA programme.”
Prof Burke was full of praise for Drumm and his company, saying: “He has already got off to a flying start with some excellent fundraising for his exciting venture.”
Séamus McDermott, founder of The Liffey Trust, spoke about the motivation behind this new scholarship programme: “Job creation is the responsibility of us all. We at Liffey Trust have long supported job creation through entrepreneurship and recognised that in order to do this successfully, partnerships are essential.
“Our new partnership with the top university of Ireland and with the academic staff of one of the finest business schools in the world will, we believe, have far-reaching and long-term benefits for Irish society as a whole.”