‘CSI Style’ Video Analytics Company Scoops 2010 Docklands Innovation Park Enterprise Awards
A Dublin-based company Kinesense Ltd and graduates from DIT Hothouse Venture Programme beat off stiff competition last night to win the Docklands Innovation Park Enterprise Awards 2010 and €10,000 for having the best new investment proposal.
Co-founder of Kinesense, Dr Mark Sugrue had 15 minutes to present its business plan to the panel of judges comprising Regina Breheny, Director-General, Irish Venture Capital Association, Sonia Flynn, Director User Operations, Facebook, Ciaran Bollard, Founder & CEO Muzu.tv and Gerry Jones, Director, Executive Venture Partners. This year's awards were presented by Conor Lenihan TD, Minister for Science, Technology and Innovation.
l-r: Bernadette O'Reilly, Hothouse Innovation Centre Manager, winner Dr Mark Sugrue of Kinesence Ltd, and Cairin O'Connor, Development Director Docklands Innovation Park. Now in its eight year, the Docklands Innovation Park Enterprise Awards programme is the initiative of DIT Hothouse and the Bolton Trust and is aimed at showcasing the best innovative companies to investors and those with an interest in start-ups.
Kinesense (www.kinesense-vca.com) has successfully developed its first product, Kinesense LE, designed for law enforcement agencies to eliminate the time and effort required to watch and sift through endless hours of CCTV and security footage during police investigations. The product was developed in close cooperation with Garda computer and CCTV specialists. Kinesense LE is currently being used by An Garda Síochána and the company is also now in discussions with a number of law enforcement agencies worldwide.
The other finalists at the awards were Conor McAuliffe from Ikon Semiconductor Ltd and Siobhan King-Hughes from SensorMind, who each received €1,500. Now in its eight year, the Docklands Innovation Park Enterprise Awards programme is the initiative of DIT Hothouse and the Bolton Trust and is aimed at showcasing the best innovative companies to investors and those with an interest in start-ups. Previous Enterprise Award winners of include: Locle (2009); Breakout Gaming Concepts (2008); Openplain (2007); Ripple Software Ltd (2006); Glantreo Ltd (2005); Sigmoid Technologies Ltd (2004) and Allergy Standards Ltd (2003).
About DIT Hothouse
Since 2001, DIT Hothouse through its Hothouse Venture Programme has supported over 250 entrepreneurs at the early stages of their business development including companies now successfully established such as Movidius, Equiendo, IQ Content, Cicero Networks and Allergy Standards. A recent survey of previous participant companies indicated that 145 companies had created in excess of 1,000 jobs and have attracted more than €50 million in external investment and funding since the programme began.
Visit: www.hothouse.ie
About the Bolton Trust
The Bolton Trust was established in 1987 at the height of Ireland’s ‘brain drain’ to promote an enterprise culture and to offer young entrepreneurs an opportunity to develop their business ideas in Ireland. There are some 350 people currently employed by the 70 companies based at the 14,000 square metre Docklands Innovation Park on Dublin’s East Wall Road. The Trust is committed to helping the growth of indigenous Irish enterprises and fostering entrepreneurship. www.boltontrust.com
