Four awards for Limerick software business
SOFTWARE company Mavarick has been announced as the overall winner of a prestigious national contest for start-up firms.
Mavarick, based in the Engine building in Limerick city centre, provides solutions to help manufacturers streamline their processes.
Now, management at the company have won €100,000 to invest in their business after it was named overall winner of the InterTradeIreland Seedcorn Investor Readiness Competition.
The largest business competition of its kind on the island, the final of the event took place in Clontarf Castle.
Designed to help start-ups and early-stage businesses get investor ready, the competition provides participating companies with the opportunity to improve their investment pitches, get expert feedback on their business plans and gain exposure to venture capitalists, business angels and some of the island’s leading industry experts and entrepreneurs.
Mavarick also won the best New Start category and the competition’s Sustainability / Low Carbon Award with its €20,000 prize, as recognition of the best investment proposal from a company operating in the low carbon / green sector.
Dr Paul Byrnes, Mavarick chief executive and co-founder said: “The InterTradeIreland Seedcorn competition is a fantastic all-island initiative, and it is great that they are recognising companies for their work on sustainability and carbon reduction innovation. The competition has been an invaluable experience and we have learned a lot about the investment process that will really help us in the next stages of our business plans.”
Margaret Hearty, chief Executive at InterTradeIreland, said: “The diverse range of companies participating in this year’s InterTradeIreland Seedcorn competition has been a testament to the vibrant entrepreneurship ecosystem on the island of Ireland.”
Mavarick, which is founded by second-generation manufacturers, also won a Chamber business award on Friday night last.
The firm was named best emerging business at the event in the Limerick Strand Hotel. See story above for a rundown of the other awards.