30 start-ups make the shortlist for ESB Spark of Genius Award
16 October 2013
The finalists of Ireland’s most prestigious start-up competition, the ESB Spark of Genius Award, have been revealed – the winner of which will be announced at the Dublin Web Summit on October 31 with a cash prize of €25,000 plus a fund of services.
The shortlist includes 30 high growth, high potential young Irish companies with innovative solutions in the areas of business, mobile marketing, technology and various other creative areas.
The competition, now in its fourth year, focuses on the most promising high potential Irish start-ups, giving them the opportunity to present their solutions live on stage at the Dublin Web Summit to the 1,500 developers, entrepreneurs and investors in attendance. Two rounds of pitching will take place during the Dublin Web Summit with the grand final playing out on the main stage in front of an audience of thousands of leading international start-ups and technology investors.
Representing the judging panel, David Scanlon of Enterprise Ireland advised on what the judging panel is looking for. “The team needs to show they have a deep understanding of their target users, and ideally have relevant experience in convincing similar markets to part with their cash,” he explained. “If they don’t have this, then a solid plan about how they’re going to fill the skills gap.”
Speaking about the shortlist, Donal Flynn, Group Finance Director, ESB said, “We now have the challenge of whittling the 30 companies down to a final three, which will be very tough considering the high standard of entries.”
The ESB Spark of Genius Award is open to any Irish start-up which has been in operation for less than three years and has received under €1 million in funding to date. Entrants will be judged on the uniqueness of their idea, their level of development thus far, and their potential for future growth.
This year’s ESB Spark of Genius judges are made up of a mix of industry professionals alongside representatives which include sponsors, governing bodies and influencers in Ireland.
Previous winners have included Datahug, who have raised €6million from Salesforce, DFJ and others since winning the coveted prize in 2010, and Smartthings who have raised €3 million since their win in 2012.
For a full list of the 30 finalists, click here.
Keynote speakers at this year’s Dublin Web Summit include the founders or CEOs of Box, Evernote, AOL, Palantir, Skype, Gilt, WordPress and over 250 others. Tickets are available from www.websummit.net.http://www.engineersjournal.ie/2013/10/16/30-start-ups-make-the-shortlist-for-esb-spark-of-genius-award/http://www.engineersjournal.ie/wp-content/uploads/2013/10/ESB-111-1024x701.jpeghttp://www.engineersjournal.ie/wp-content/uploads/2013/10/ESB-111-300x300.jpegNewsawards,ESB,innovation,startups