Industry & Business

Valitacell win InterTradeIreland Seedcorn Competition

 Breaking News
  • Grand Canal Innovation District Planned For Dublin A far-reaching plan for the creation of the Grand Canal Innovation District in Dublin has been launched. The proposal from Trinity College Dublin is modelled on innovation districts in cities such as Boston, Toronto, Rotterdam and Barcelona. It will significantly strengthen Ireland’s competitive advantage when developing new indigenous companies or competing for foreign direct investment. [...]...
  • Heiton Buckley Unveils Newly Refurbished Mayo Branch Heiton Buckley, Ireland’s leading supplier of doors, floors, bathrooms, garden, plumbing and heating products, has officially unveiled its newly refurbished branch in Castlebar, County Mayo . GAA star, Andy Moran, CEO of Grafton Merchanting ROI, Patrick Atkinson, Heiton Buckley Castlebar Branch Manager, Mick Kane, and longtime customer Mick Duane officially cut the ribbon and kicked [...]...
  • Export Sales by Enterprise Ireland Client Companies Hit New Record Enterprise Ireland, the state agency responsible for helping Irish companies export to international markets, has announced that its clients recorded export sales of €22.71 billion in 2017, representing a 7 per cent increase on 2016. This is the highest level of export sales recorded in the history of the agency and the eighth-consecutive year of [...]...
  • BAM Wins €25 Million Contract to Build New Cheese Factory in Cork TINE Ireland, a subsidiary of the Norwegian dairy co-operative TINE, has awarded the construction of a new Jarlsberg® cheese production facility and administration building at Mogeely, County Cork, to BAM Ireland. The contract value is more than €25 million. TINE is Norway’s largest producer, distributor and exporter of dairy products with 11,400 members (owners) and [...]...
  • HBAN Scoops Major European Business Angel Network Award HBAN (Halo Business Angel Network), the all-island organisation responsible for the promotion of business angel investment, and a joint initiative of Enterprise Ireland and InterTradeIreland, was crowned Globally Networked Organisation 2018 at the recent EBAN (European Business Angel Network) Awards Ceremony held in Sofia, Bulgaria. HBAN was awarded the prominent European accolade in recognition of the significant [...]...

Valitacell win InterTradeIreland Seedcorn Competition

Valitacell win InterTradeIreland Seedcorn Competition
November 24
12:52 2016

Dublin biotech company, Valitacell, was crowned the overall winner of the 14th annual InterTradeIreland Seedcorn competition on Wednesday, 23 November. Valitacell won a cash prize of €100,000 at the grand final held at The Waterfront Hall in Belfast.

Dundalk based Gecko Governance who won the Best Early Stage Company Category award and a cash prize of €50,000. The winners were announced at the grand final of the competition which was attended by over 200 guests.

This year’s competition attracted over 300 applications from new start and early stage companies from across the island from sectors such as Pharma, ICT, Energy, Software/Apps, Biometrics and waste management.

Valitacell based in Pembroke Street and with its lab in the National Institute for Bioprocessing Research and Training, Blackrock provides analytical support for the biopharmaceutical sector. It helps companies to improve the efficiency and performance of a cell development process that is crucial in the manufacture of monoclonal antibody drugs.

CEO of Valitacell  Dr. Terry McWade said “this competition has taught the whole team a lot and allowed us to refine many aspects of our business. We developed an improved business plan that helped us to refine our message and strategy for investors. The emphasis that we have put on communications and messaging means we can make our offering more understood to businesses and customers that do not have a technical or scientific background.”

Dundalk-based Gecko Governance makes regulation technology for the global finance industry that allows fund managers to monitor and manage their regulation and compliance requirements. Gecko Governance allows for greater strategy potential and corporate planning by providing fund managers with a live oversight of all the funds regulation and compliance requirements – which funds are on schedule and which are behind, which compliance tasks are outstanding and which have been completed.

Founder and CEO of Gecko Governance Shane Brett said “The Seedcorn process helped us build our business plan which was a lot of work but very rewarding in terms of ending with an investor ready business plan in great shape. The level of detailed business plan feedback really helped us bring the plan to the next level. We have learned the importance of providing investors with a properly structured and articulated business plan with clear credible goals and realistic assumptions of our future business strategy. We will use the prize money to accelerate our expansion plans – specifically in rolling out our London office later this year.”

The InterTradeIreland Seedcorn competition is aimed at companies who have a new equity funding requirement and has a total cash prize fund of €280,000, with no equity stake.  Since it started in 2003, the 2,151 companies that have gone through the competition have raised in excess of €220m – last year alone, in excess of €10m was raised.

About Author

editor

editor

Related Articles

New Subscriber





Subscribe Here



Advertisements



















National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4