| Cauwill Wins InterTradeIreland Best Emerging Company 2009 |
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Limerick firm Cauwill Technologies and Belfast firm SOPHIA Search Ltd were last night [27-11-09] awarded €100,000 in private investment as part of InterTradeIreland’s all-island Seedcorn Business Competition, which was held last night in Dublin. Seedcorn, the largest business competition on the island of Ireland with a €360,000 prize fund, aims to stimulate new start-up activity, accelerate commercial development and create more opportunities for private-equity investment.
Eight companies made it through to the finals based on the quality of their business plan and an investment pitch to an independent panel of Seedcorn judges, including leading entrepreneurs, venture capitalists and private investors. All regional winners are guaranteed to walk away from the competition with a minimum prize of €25,000 each. Cauwill Technologies, which was crowned Best Emerging Company, has developed PinPoints - an application that helps users locate their hotel using their mobile phone. Since the launch of the product in July 2009, the company has secured subscribers in more than 66 countries worldwide. Co-Managing director Dr Ronan Skehill said: “Being recognised as overall emerging winner will help us gain more international recognition of our product and new access to the investment community.” Full article from Silicone Republic available here: http://www.siliconrepublic.com/news/article/14539/business/limerick-firm-scoops-100-000-at-seedcorn-finals |
