A

Languages

Business

dlr LEO announces Best Young Entrepreneurs and €50,000 investment fund winners

Date 
Wednesday, May 1, 2019
Location 
dlr County
Intro Text 

Dún Laoghaire-Rathdown’s “Best Young Entrepreneurs” for 2019 and €50,000 investment fund winners were announced at an awards ceremony hosted by Local Enterprise Office Dún Laoghaire-Rathdown this week. The six winners and runners-up were chosen from 15 local finalists and will now share a €50,000 investment fund. IBYE, now in its fifth year, is a nationwide youth enterprise initiative to help 18-to-35 year olds with an innovative business idea, new start-up or established business. An Cathaoirleach Councillor Ossian Smyth presented the awards at the county finals which was hosted by Mariea Mullally, Senior Enterprise Development Officer.

The ‘Best New Idea’ category, with a €7,000 investment fund, was won by Martin O’Reilly, aged 28, founder of Output Sports. Output Sports use state of the art machine learning to shrink lab-grade athlete performance analytics in to a wearable system so coaches can truly understand athletes and optimise performance with unprecedented portability and efficiency. The runner-up award and €3,000 investment fund went to Alan Richardson, age 32, of Ausar Geophysical.

The winner of the ‘Best Start-Up Business’ category and the €15,000 investment fund was Daniel Nugent, aged 29, founder of Ambr Eyewear in Dún Laoghaire. Ambr produces beautiful eyeglasses which block out harmful blue light emitted from digital screens. The runner-up in this category, collecting a €5,000 investment fund, was Cian O’Flaherty, aged 33, of Safecility in Dún Laoghaire.

Meanwhile, the title of ‘Best Established Business’, with an investment fund of €15,000, went to Caolan Cullen, aged 25, founder of Arctic Stone Ice Cream. Arctic Stone is a hand-rolled ice cream company specialising in hand crafted customisable made to order desserts. The runner-up in this category, scooping a €5,000 investment fund, was Melissa Dooley, aged 33, of GastroLife in Sandyford.

Martin O’Reilly was also awarded the title of ‘Best Young Entrepreneur’ for Dún Laoghaire-Rathdown.

An Cathaoirleach, Councillor Ossian Smyth said:

As our winners clearly demonstrate, youth entrepreneurship is thriving here in Dún Laoghaire-Rathdown. IBYE is about discovering local potential and nurturing that talent through financial supports, mentoring, training and networking opportunities. In 2019, Local Enterprise Office Dún Laoghaire-Rathdown supported 50 young entrepreneurs through the IBYE competition and 250 young entrepreneurs in total, since the competition began in 2014. We want to build on that success by supporting Dún Laoghaire-Rathdown’s young entrepreneurs today and into the future.”

 

 

 

The county winners from Dún Laoghaire-Rathdown will now progress to the regional finals, which take place on June 12th.  In all, 24 national finalists will be selected at regional finals across the country to compete for the overall title of “Ireland’s Best Young Entrepreneur.

At the IBYE national final on Sunday 15th September, which takes place at Google’s European Headquarters in Dublin, a €100,000 investment fund will be awarded to winners.

Further details on the competition and supports available to young entrepreneurs are available through www.localenterprise.ie and www.ibye.ie

Back