Senior Entrepreneurs Show Ingenuity In Spades

09 Dec 2016 | 10.37 am

Senior Entrepreneurs Show Ingenuity In Spades

More than 40 graduated from recent ISAX programme

09 Dec 2016 | 10.37 am

A cohort of more than 40 older entrepreneurs graduated from the recent Ingenuity programme, a novel initiative to promote entrepreneurship in later life that started this year.

Ingenuity is run by ISAX (the Irish Smart Ageing Exchange), supported by Bank of Ireland and Local Enterprise Offices and targeted mature entrepreneurs aged 50-plus.

Anne Connolly, chief executive of ISAX, said that the 46 participants put their lifetime experience, talents and wisdom to good use during the eight-week, 16-module course. ISAX was founded in March 2015; it’s an independent network of government bodies, industry and academic institutions, assembled to fast-track and develop products for the 50-plus market.

ISAX has a number of strings to its bow – the Ingenuity programme, a smart ageing community that it taps for consumer insights and an anonymised data exchange service it runs for its members. Members primarily fund the organisation through €15,000 joining fees, while the government provides some funding too.

The Ingenuity programme has so far run three installations, two in Dublin and one in Limerick, all of which have been oversubscribed. According to Anne Connolly: “The programme has been a resounding success and participants have been buoyed by the support and confidence they have gained throughout the eight weeks.

“Given that there is a growing population of healthy mature people with the skills and financial resources available to contribute to economic activity, it’s time for them to feel supported as they embark on an exciting future.”

Photo: Anne Connolly (right), ISAX; Antoinette Golden, Bank of Ireland; and Ingenuity participant Michele Munnelly (left), creator of the ‘selfie’ scarf

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