DIT Entrepreneur of the Year Awards go to Lucey and Kinesense

  • Two leading Irish start up companies were recognised with Entrepreneur of the Year Awards for their work on the DIT Hothouse Venture Programme.

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Mr Martin Scully, CEO of Oyster Capital Partners, speaking at the DIT Entrepreneur of the Year Awards

7th February 2011

Each year, the Award of Entrepreneur of the Year goes to the leading entrepreneur from each Hothouse Venture Programme cohort in that year. The awards are based on an assessment of the business plan presented by each entrepreneur at the end of the programme.  This year’s awards went to Ian Lucey, CEO of Lucey – a company providing online payments, hosted document management and portal technology via the cloud; and Dr. Mark Sugrue, CTO of Kinesense, a company that has developed a CCTV video search and analysis solution for the law enforcement market.  The awards, sponsored for the first by Mazars and LK Shields Solicitors, were presented at last week’s annual DIT Hothouse Showcase event held in Croke Park by Brendan Waters of Mazars and Deirdre Kilroy of LK Shields Solicitors.

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Ian Lucey, CEO of Lucey at the DIT Entrepreneur of the Year Awards

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Deirdre Kilroy of LK Shields Solicitors and Dr. Mark Sugrue, CTO of Kinesense at the DIT Entrepreneur of the Year Awards

The Showcase event saw each of the 22 participating entrepreneurs from the 2010 Hothouse Venture Programme showcase their knowledge-intensive businesses through a one-minute elevator video pitch to a selection of investors, industry experts, leading entrepreneurs, and representatives from state support agencies.  They were each conferred with a DIT CPD Award by the President of DIT, Professor Brian Norton.

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Professor Brian Norton speaking at the DIT Entrepreneur of the Year Awards

The keynote address was delivered by Mr Martin Scully, CEO of Oyster Capital Partners, a leading investor in Irish technology businesses. Mr Scully said that he was, “overwhelmed by the energy and talent demonstrated by these start up companies” and that they provide “an illustration of the type of high-tech, export oriented businesses which can be the backbone of Ireland’s economic recovery.”  Noting that sometimes academic institutions produce excellent work for patent, he expressed his admiration for the number of licences emerging from the work of Hothouse researchers and entrepreneurs.

Tom Flanagan, Head of Commercialisation at DIT Hothouse, said that the objective of the Hothouse Venture Programme was “to help develop and grow export-focused, high potential businesses.” He added that “key to this, is providing a dynamic nurturing environment for entrepreneurs to learn from more experienced entrepreneurs, as well as provide them with focused mentoring and the support they need in the early stages of their businesses.”

Brendan Waters said Mazars was delighted to be associated with the next generation of Irish business. “The challenge for these companies now is to focus on the implementation of their business plans in order to secure their potential in future years.”   Speaking on behalf of joint sponsors LK Shields Solicitors, Deirdre Kilroy said that, “Having assisted these companies on the Hothouse programme, I know first hand just how hard they have worked to build their companies from scratch. We hope that they all continue to grow and be successful.

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