Ten of the country's up and coming technology entrepreneurs have completed the first Furthr Foundry Accelerator Programme, Ireland's latest Pre-Seed Accelerator.
The intensive 12-week programme concluded this week at the Guinness Enterprise Centre (GEC).
The ten start-ups were Allocator Training Institute, Biovit Technologies, Co-Swipe, Decision Analytics, Hiremate.com, PassionFruit, Safely, Simple Probate, Teddlo and Workstuff.ai.
The panel of investors attending the finale event included representatives from some of the country's most active Venture Capitalists and Angel Investors, including Sure Valley Ventures, Elkstone Private Partners, Growing Capital, Furthr VC, Delta Partners, Enterprise Ireland, Seedrs, ACT Venture Capital and Furthr Investor Network.
Winner of the "Most Investable Start-Up" award announced today was Safely, founded by Jack Manning.
Safely serves commercial vehicle fleets in the US, UK, and Ireland by offering a driver safety solution that has been estimated to reduce claims by over 50%. Safely also received a cash prize of €3,000, sponsored by Growing Capital, the leading provider of pre-seed private investment in Ireland.
On the final day, the participating start-ups took part in investor pitches and had one-on-one meetings with leading Irish VCs and Angel Investors. During these meetings, each start-up engaged in detailed discussions about their business plans, received valuable feedback, and sought investor perspectives.
The ten start-ups will now be seeking to raise a combined pre-seed capital investment of up to €4m.
"Today's final part of the Foundry Accelerator Programme culminating in the finale day, is hopefully only the beginning of our journey in supporting your growth and in realising your ambitions for your respective businesses," Martin Murray, CEO at Furthr, said.
"Our success will be measured by supporting our clients to become investor ready, to take on their first institutional investment and myself, along with our business and investor mentorship teams, look forward to working closely with you to make this happen," he added.
