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DIT Hothouse graduates to pitch for 10k prize

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DIT Hothouse graduates to pitch for 10k prize

DIT Hothouse graduates to pitch for 10k prize

Cathal Brady, Ultan Techonogies; Ronan Murphy, Senior Partner,PwC (Award sponsor); Kieran Murphy, TradersNow and Kevin Egan, Team Traders.

Three graduates of the Dublin Institute of Technology (DIT) Hothouse Venture Programme are pitching to win a 10,000 prize at the Docklands Innovation Park Enterprise Awards today.

The three shortlisted individuals are Kevin Egan of Team Traders, Kieran Murphy of Traders Now and Cathal Brady of Ultan Technologies.  

Co-sponsored by PwC, the Docklands Innovation Park Enterprise Awards are an initiative of the Bolton Trust and DIT Hothouse aimed at showcasing the companies emerging from Docklands Innovation Park to investors and those with an interest in start-ups.

Last year’s winner Foxframe was featured as one of the top 60 technology companies to watch in 2012 by the Wall Street Journal and the awards saw a total investment of over €1.2m in three companies.

There are some 350 people currently employed by the 70 companies based at the 14,000 square metre Docklands Innovation Park on Dublin’s East Wall Road.

Since 2001, DIT’s Hothouse Venture Programme, which is based in the park, has supported over 250 entrepreneurs at the early stages of their business development.

Previous participant companies have included Movidius, Sigmoid Pharma, Muzu.tv and Mick’s Garage. Hothouse firms have created over 1,000 jobs and attracted over €90m in external investment to date.

The Awards Evening will take place on 1 March at PwC, One Spencer Dock, North Wall Quay, Dublin 1.

The shortlisted companies

TeamTraders is an online community of business oriented students that want to practice in the art of real-time online stock trading. It provides this experience in a risk free, easy to use web interface with real-time stock data and virtual money driving the trading platform. It has with 700 users spending 10 minutes on the site daily.

TradersNow develops financial decision software for the currency (forex) markets. The forex markets are highly liquid and trade more than four times the size of the world’s combined stock markets every day.TradersNow in association with DIT has developed an algorithmic trading strategy that removes emotions from a trader’s decision on when to buy and sell.

Ultan Technologies has developed a SaaS product, H2OCIS, that enables utility companies to bill and manage their customers easily and efficiently. The product claims to delivers comprehensive functionality for this sector for a fraction of the costs of traditional systems. The company already sells the product in Ireland and expects to break into the US market in 2012.

Tags: PwC,