Ultan Technologies Wins Docklands Park Innovation Awards
Cathal Brady of Ultan Technologies is the winner of the Tenth Bolton Trust Docklands Innovation Park Award, receiving a prize of €10,000 for 'Best Investment Proposal'.
Ultan Technologies, have developed products enabling utility companies to bill and manage customers easily and efficiently and plans to expand into the US market.
The three finalists (Ultan Technologies, Team Traders and Traders Now) all of whom are graduates of the DIT Hothouse Venture Programme, pitched their investment proposals and to a judging panel consisting of; Ivan MacDonald, Chairman of the Judging panel and CEO, Dial2Do; Gerry Jones, Managing Partner, EVP; David Sneddon, Director, Germany,Austria, Switzerland,Google; Debbie Rennick, Director, ACT Venture Capital.
Cathal Brady of Ultan Technologies, winner of the Docklands Park Innovation Award with (l to r) Ronan Murphy, Senior Partner PwC, Bernadette O'Reilly, DIT Hothouse and Professor Brian Norton, President DIT.
Speaking at the ceremony, Joan Burton, T.D., Minister for Social Protection said:
"I am delighted to present the awards here at Spencer Dock this evening. Through the creativity and ideas such as those presented here today as well as the support provided to these entrepreneurs, I am confident that Ireland can return to a land of job opportunity and economic prosperity. You need people like our award finalists who have the passion for new ideas and who really believe they can turn these ideas into commercial success. I commend the Bolton Trust, DIT Hothouse and PwC for supporting these awards. I congratulate the award winner as well as all of the finalists and wish them every success in the future."
Ivan McDonald, Chairman of the Judging Panel and CEO, Dial2Do, said:
Companies like Ultan Technologies represent the best of Irish entrepreneurship - resourceful, creative and global in outlook. On this 10th year of the Docklands Innovation Park Awards in PwC, Spencer Dock, the judges were delighted to yet again see such high calibre companies competing - it is a credit to the Bolton Trust and DIT Hothouse who continue to attract and support the best start-up entrepreneurs."
Ultan Technologies have developed H2OCIS, a SaaS product that enables utility companies to bill and manage their customers easily and efficiently. Small and medium utility companies worldwide are under increasing pressure from regulators and from their customers to provide more accurate billing, better services and additional information on customer usage.
Now in its tenth year, the Docklands Innovation Park Enterprise Awards is an initiative of the Bolton Trust and DIT Hothouse and is aimed at showcasing the innovative companies emerging from Docklands Innovation Park to investors and those with an interest in start-ups. Last year’s winner Foxframe was featured as one of the top 60 technology companies to watch in 2012 by the Wall Street Journal.
Since 2001, DIT’s Hothouse Venture Programme which is based in the Docklands Innovation Park has supported over 250 entrepreneurs at the early stages of their business development. Previous participant companies have included Movidius, Sigmoid Pharma, Muzu.tv and Mick’s Garage. Hothouse firms have created over 1,000 jobs and attracted over €90 million in external investment.
Also speaking at the Awards ceremony, Ronan Murphy, Senior Partner, PwC added: “At this time of economic and business uncertainty, it is very important to support our entrepreneurs and foster a culture of innovation. Many of these entrepreneurs will be our future business leaders and their new ideas and businesses will no doubt contribute to job creation and Ireland’s recovery. PwC is delighted to support the Awards."
Rea O’Neill, Chairman of the Bolton Trust concluded: “At this time it is more important than ever for strategic investment in young innovative companies who represent growth opportunities for our economy. This year’s finalists represent real opportunities with global potential for investment. All are seeking to expand quickly into global markets with a focus on the US. Last year’s DIP Awards saw the investment of over €1.2 million in three excellent companies