Start-Ups Go Head-to-Head in Battle for €10,000 expansion funding prize
Three companies, each seeking expansion funding, will battle it out at the Docklands Innovation Investment Awards to secure the title of ‘2017 best investment proposal’ and a prize of €10,000. The finalists, all of whom are recent graduates of the Enterprise Ireland funded DIT Hothouse/IADT New Frontiers Programme, will pitch their investment proposals and be questioned by an experienced panel of judges on their business plans. Supported by PwC, the Awards Evening will take place on Wednesday 8th March at PwC, Spencer Dock.
The three shortlisted individuals are:
Jacob Claflin, Cambrist: Cambrist facilitates real-time foreign currency processing with industry market-leaders. Its multi-currency cloud processing solution enables banks to easily control and optimise their card payment foreign exchange rates. It has multiple retail banks in Ireland, the UK and Central Europe in late stage pilot evaluations. www.cambrist.com
Jonathan Eves, Eco-nomic Innovations: SpecSep™ technology, for which Eco-nomic Innovations holds the patent, improves valuable mineral recovery at the separation of valuable mineral and rock process, while reducing reagent consumption by some 60%. A large multinational mining equipment supplier in South Africa is currently putting plans in place to test the technology on a commercial basis. www.specsep.com
Lucinda Kelly, Popertee: Popertree is an online platform that connects marketing agencies and brands with vacant spaces, enabling them to gain access to unique and high footfall spaces quickly and cost effectively. Based in the Digital Hub, they are now building the world’s first Artificial Intelligence platform that connects the perfect audience with the perfect location. www.popertee.com
Now in its fifteenth year, the Docklands Innovation Enterprise Awards is the initiative of Bolton Trust and DIT Hothouse and is aimed at showcasing the innovative companies emerging from the DIT/IADT New Frontiers programme to investors and those with an interest in start-ups. These entrepreneurs have access to the facilities in the new Greenway Hub on the DIT Grangegorman Campus. Hothouse Alumni have to date created 1600 jobs and attracted over €160 million in external investment. Last year’s winner Your Smile Direct raised seed funding of €1.3 million and now employs 15 people in Ireland. The company is expanding in the UK and recently launched in France and Spain.
The judging panel includes Michael Murphy, Managing Partner, Investec Ventures Ireland Ltd & Chair IVCA; Sharon McCooey, Senior Director, International Operations, LinkedIn Ireland and Kevin O’Loughlin, CEO, Nostra Systems
Speaking at the Awards shortlist announcement, Feargal O'Rourke, Managing Partner, PwC, said:
"As a small open economy, it is fantastic to see that all of these projects are export led by entrepreneurs who are seeking to commercialise their opportunities internationally. And with global CEOs recently telling us that technology will completely reshape their industries over the next five years, it is interesting that all of the projects are new technologies in development.”
“They are great examples of leading edge innovation and superb talent, both critical factors for success. It is very important to support our young entrepreneurs, who are leading innovators, who will create jobs and play a key role in our economy's continued growth. Supporting innovation and young entrepreneurs is exactly what these Awards are all about and which PwC is delighted to be part of. We wish all the candidates every success."