A LIMERICK business has been awarded €20,000, as well as being named ‘Best New Start’ at InterTradeIreland’s Seedcorn Munster Final.
Limerick-based Mavarick has developed a platform that generates real-time information to help manufacturers make better decisions to achieve additional capacity, reduce machine downtime, and increase profitability.
The company were named Best New Start in Munster as well as being awarded €20,000.
They will now go forward to the All-Island final in Dublin where they will have a chance of sharing the overall prize fund, which stands at €300,000.
Dr Paul Byrnes, Mavarick Chief Executive and Co-Founder, said: “We are thrilled to win the Best New Start award and advance to the national final. The Seedcorn competition is a fantastic all-island initiative. A big motivation for entering this competition was the
positive impact it has had on the trajectory of past winners.”
“The feedback we have received throughout the process has been invaluable in shaping our investment plans going forward. The technology company was founded by second-generation manufacturers, and we look forward to continuing to help manufacturers balance sustainability and productivity,” he said.
The leaders of the six innovative start-up and early-stage companies
from across Munster took part in a competitive final at the Strand Hotel.
As part of the process, finalists presented their investment proposal to a panel of judges that included active investors. The winning entrants successfully demonstrated to the panel of judges why they believe their businesses are investor ready.
The regional winners in Munster will have the opportunity to compete for the overall €100,000 prize at the final.
Shane O’Hanlon, Funding for Growth Manager at InterTradeIreland said: “This year’s Munster regional final was a very competitive process across the ‘Best New Start’ and ‘Best Early Stage’ categories.”
“Both categories had three very innovative and ambitious entrants that showcased their business plans in a professional and engaging manner.”
