The ‘Best New Start’ and ‘Best Early Stage’ company have been announced at the Munster final of the 2018 InterTradeIreland Seedcorn Investor Readiness Competition.
ARQ Asset Solutions from Cork has been crowned the ‘Best New Start’, walking away with a cool €20,000, fighting off tough competition from other local companies to win the prize fund to contribute to their business growth.
The company has developed an innovative smart solution that allows machinery owners, managers and operators monitor a machine’s oil condition remotely via a phone, tablet or PC.
Class Medical from Limerick were named ‘Best Early Stage’ company, also receiving €20,000 at the Munster final.
A spin out of University of Limerick, the company has developed a safety valve designed to prevent risks associated with urinary catheter procedures.
The winning companies now go forward to the all-island final.
Now in its 16th year, Seedcorn is Ireland’s biggest business competition for innovative new start and early stage businesses in any sector.
The competition has an overall cash prize fund of €280,000 with participants also benefitting from promotional opportunities, business planning workshops and mentorship support throughout the competition.