Business Irish

Saturday 23 August 2014

Companies compete for €100k start-up prize

Sarah Stack

Published 20/06/2014 | 02:30

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Gerry Prizeman of Bank of Ireland; Damien English, TD; entrepreneur Gavin Duffy and Stephen Dillon of Startups.ie

UP to 1,000 new firms are set to battle it out for 15 accolades and a prize package worth more than €100,000.

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The Bank of Ireland Start-up Awards, together with the Irish Independent, recognise Irish start-ups for their success in business both at home and abroad across a range of sectors.

Stephen Dillon of Startups.ie said the aim is to double the 500 entrants nominated last year, when winners included Allogen Biotech and Irish Homemade Soap Company.

"The background for the whole thing is that being a startup can be quite lonely. It can be difficult – they've often left a job and secure environment and they make mistakes and learn as they go," he said.

"This is an opportunity to acknowledge the risk they have taken and give them encouragement and exposure."

Sole traders, partnerships and Irish companies in business for three years or less with up to 30 employees can be nominated via www.startupawards.ie before Friday, August 15.

It is open to all sectors, including digital, food and drink, retail, social enterprise and export businesses.

The Irish Independent is a media partner with the awards, to be presented in October.

Bank of Ireland's Gerry Prizeman said the lender wants to become Ireland's enterprise bank and the place entrepreneurs go. Businessman Gavin Duffy, a judge on this year's panel, said he won't be necessarily looking for the next big idea, but for people who have spotted a gap in the area they work.

Irish Independent

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