Minister Bruton Announces 14 Successful Winners of €200k Fund to Stimulate New Start-up activity in South

14 New South East Entrepreneurs Supported by Enterprise Ireland

Pictured at the announcement are (l-r) Minister Bruton; Ger Crosse, Tipperary Entrepreneur & Enda McDonnell, Enterprise Ireland
Pictured at the announcement are (l-r) Minister Bruton; Ger Crosse, Tipperary Entrepreneur & Enda McDonnell, Enterprise Ireland

The Minister for Jobs, Enterprise and Innovation, Mr Richard Bruton TD, today (Monday 25th June 2012) unveiled the 14 successful winners of Enterprise Ireland’s €200K Pilot Competitive Feasibility Fund aimed at stimulating start ups and creating jobs in the South East.

The fund, which was launched earlier this year as part of the Government’s South East Employment Action Plan, offered funding of up to €25,000 to support entrepreneurs explore the feasibility of start-up ideas with job-creating potential in the South East region. Companies in the ICT, industrial and food sectors based in Waterford, Wexford, Carlow, Kilkenny and South Tipperary were eligible to apply.  

The range of start-up ideas selected for support cover a range of sectors including food, renewable energy, medical devices, mobile payments, LED lighting, software, life sciences.  Enterprise Ireland is now working closely with the entrepreneurs to help them develop the potential of their start-up ideas.

Making the announcement as he met the winners in Waterford today Minister Bruton said:

“Key to addressing the employment crisis in Ireland and in the South East is building a strong engine of indigenous enterprise. Foreign direct investment will continue to play a hugely important role in our economy, and we must continually seek to increase the range of multinational companies investing in Ireland and also increase the impact they have on our economy. But we must also crucially seek to ensure that we have more indigenous companies starting-up, succeeding, expanding, exporting, and ultimately creating jobs.  

“Today’s announcement that 14 dynamic, innovative start-up companies, based in the South East and operating in key growth sectors, will have access to funding of up to €25,000 each is very welcome news. By continuing to support companies like these, and by implementing other measures in the Action Plan for Jobs, I am determined to ensure that we build powerful indigenous businesses and create the jobs we need”.

Enterprise Ireland’s Regional Manager Enda McDonnell added:

“We are delighted with the success to-date of this pilot fund, which enabled us to identify these exciting entrepreneurial ideas.  The 14 ideas are based in an impressive variety of high-value, innovative sectors and the ideas are developing well in the workshops and mentoring we are conducting with the promoters.   The success of this pilot is proof positive of the entrepreneurial potential that exists in the South East and throughout Ireland.”      

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Pilot Competitive Feasibility Fund for the South East Region Winners

NameCompany NamePrincipal Business of ApplicantCounty
Aidan KennyInstant Opinion LtdInstant Opinion provides customers with a way to provide real-time actionable feedback to service providers while they are still experiencing the service so that service providers rectify any issues before customers have finished their service journey.  Kilkenny
Clare Hughes, Louise Grubb Development of a medical device for treatment of infantile colic.Waterford
Patrick O’Brien & John RyanGeniu & A-Ray Ireland LtdTo investigate the setting up a Waterford based joint venture company with Geniu & A-Ray Co. Japan, to manufacturing, market and further developing their Patented new generation F-LED Lighting systems and controls.Waterford
Fergal Conway & Jim Doyle Provision of managed services software to utility companies (UPC).  Developing the software for the export market, where UPC has a presence.
 
Kilkenny
Alan ForbesBrooklyn Technologies LtdMobile payment specialists, to retro fit on street parking machines with a device that allows a person to text to pay for their parking ticket with no pre-registration and payment directly from the users’ phone bill or credit.Wexford
Aidan ClancyPulmeze LtdNew treatment for respiratory diseases (CF, Ventilator Acquired Pneumonia - VAP, Sinusitis, etc.Kilkenny
Sean DonnellyEasy Wind Energy LtdLow-cost, scalable vertical wind turbines.Waterford
Ciaran Geoghegan Molecular diagnostics R&D facility and commercial service laboratory for specialist molecular / biomarker testing to European Hospitals and clinics.Waterford
George BanksThe Packaging Hub LtdPremium packaging and logistics solutions service provider.  Fold-flat high end box design for the food and drink industry.Waterford
Paul KinsellaSunrise Innovations LtdWaste management software. Adapting existing waste management information software for the North American Market.Waterford
David Scrivens Examine the costs of converting waste liquid yeast into dried Brewer’s Yeast suitable for animal and human feed and nutrition.Wexford
Declan CrosseWood Energy Solutions t/a Suirvale Developments LtdBiomass boiler manufacturer, Manufacturing and secure approvals for a 25kW boiler, developing relationships with key installers in UK.Tipperary
Tim Counihan Examine the feasibility of setting up a sea salt manufacturing business in Dunmore East, to supply the European export market.Waterford
John GearyMeadowfresh FoodsExamine the feasibility of establishing a potato starch manufacturing plant for the food and non-food industry.Waterford

For media queries, please contact:

Press Office,
Department of Jobs, Enterprise and Innovation

press.office@djei.ie
01 6312200

Brian Fives
Enterprise Ireland,
Waterford Industrial Park,
Cork Road, Waterford.

Brian Fives
051 333 500
087 859 5240



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