FutureScope has announced the four finalists for One2Watch 2018. The competition seeks to find Ireland’s most scalable business idea and award the winning company with €2,000 and a platform to support its growth. The four finalists are:
1. CroíValve, an early stage medical device company, that has developed a device to treat a common heart valve disorder – tricuspid regurgitation (TR), without the need for surgery. With surgery performed in only 0.5% of cases, there is no current suitable treatment option for patients with TR, which significantly impacts survival and quality of life. CroíValve’s innovative device offers a simple, safe and effective solution to a common and serious health disorder.
2. Electrical Analytics has developed a novel power quality monitoring system, backed by a cloud-based data analysis platform that enables power grid operators to have complete visibility over their entire distribution network. The system can help network operators to plan upgrades, protect equipment from poor power quality, and develop usage analytics. Electrical Analytics Technology Ltd. is a spinout from the Applied Physics Research Group based in Trinity College Dublin.
3. BeSpoke Choice is an innovative sales platform that helps venues to increase their annual number of wedding bookings and the average revenue per wedding. Designed and built by wedding planning professionals, the application enables couples to build a unique package via an interactive journey of the services the venue has to offer. Once booked the software uses AI to maximise upsell revenue for the venue while also ensuring couples have the best wedding they can afford.
4. BuyMedia provides SMEs with a unique platform that enables them to better plan, purchase, manage and monitor their advertising across all media channels – digital & traditional. The media buying platform uses an algorithm along with Artificial Intelligence and machine learning to deliver a better return on advertising investment.
The four One2Watch finalists will battle it out in a pitch to the panel of judges at FutureScope on 31st May, where the company who can best demonstrate the market need and scalability of their idea will be crowned the One2Watch 2018 winner.
This year’s judging panel, include Alison Cowzer, co-founder of East Coast Bakehouse and an investor on RTÉ’s Dragon’s Den; Joe Healy, manager of HPSU, Enterprise Ireland; Mary McSweeney, Deputy Head of Enterprise and Economic Development of LEO Dublin City; PJ Dwyer, HBAN business angel and former Senior VP of Dell and Alan Merriman, founder, Elkstone Venture Capital.
The winner will get the opportunity to present their business idea on the FutureScope mainstage to an audience of 1,200, including investors, multinationals, innovative Irish enterprises and entrepreneurs. The winner will receive a cash prize, a range of Dublin BIC supports, including three months free accommodation in the Guinness Enterprise Centre and consultancy services.
Michael Culligan, CEO, Dublin BIC, said:
“One2Watch is a competition that really shines a light on the entrepreneurial spirit bubbling in Ireland today. We had start-ups and scale-ups from every sector apply for the competition this year and the four finalists reflect how innovative Irish entrepreneurs are transforming industry models. Be it medtech, advertising, event planning or infrastructure, each of the finalists has not only demonstrated their passion and originality, but also the capability to turn their business idea into a scalable and ready to be realised business opportunity.”