The winner of the 2019 Bolton Trust-PwC Innovation Awards was announced last night: Shane O'Sullivan of Glimpse secured a prize of €10,000 in the hunt for €3.4m investment.
The winner, a recent graduate of the New Frontiers Programme at Technological University Dublin and IADT Dún Laoghaire, successfully convinced the judging panel that their venture represents the strongest potential for global expansion and return on investment (ROI). The event was held last night on Wednesday 1 May at the offices of PwC, who support the event.
Shane O'Sullivan developed performance software for digital advertising.
Pictured: The winner of the 2019 Bolton Trust-PwC Innovation Awards (centre), Shane O'Sullivan, Glimpse with John Dunne, PwC Partner (left) and John Lauder, Chairman of Bolton Trust.
Glimpse have developed an ad-tech offering called Consensys which analyses the demographic profile of visitors as they walk past digital advertising displays. Consensys uses this information to display advertisements specifically targeted at the dominant demographic profile of viewers at that point in time. Consensys also measures the number of people who looked at an advertisement and for how long, offering advertisers and media owners a radically enhanced level of performance information. Consensys integrates seamlessly with any advertising screen and Content Management System.
Shane O’Sullivan studied Computer Science at Maynooth University before going on to work with Amazon Web Services. Co-founder Oran Mulvey recently graduated from UCD Michael Smurfit Business School with a first-class honours (MsC) in Marketing Practice.
The runners up were: Keith Curley, Gladcloud, an AI-based location marketing platform; and Patrick Liddy, Utility AR, who developed augmented reality solutions for the industry.
Since 2012, the programme has offered a support package of finance, training and workspace to over 300 start-ups, which have gone on to secure more than €40m in equity investment and create over 1,000 jobs.
Announcing the winner, John Lauder, Chairman of the Bolton Trust said: "Our awards aim to help highly innovative start-ups along the sometimes difficult road to securing investment. Combined, our three shortlisted finalists this year were seeking in the region of €3.5 million, and I am very glad to report that our three most recent winners have raised €4 million since their success in the Awards."
Feargal O’Rourke, Managing Partner, of PwC said: "Our 2019 global CEO survey highlighted that 85% of CEOs believe that Artificial Intelligence will significantly change the way business is done in the next few years. The 2019 finalists have identified the opportunities that artificial intelligence, and other technologies, can bring to business and this is at the core of their innovations. Technology and innovation is also at the core of PwC’s strategy to be the most technology-enabled professional services firm in Ireland. We are delighted to support Irish entrepreneurs through these awards and wish all of the candidates every success."
This evening, the three finalists pitched to an invited audience and a panel of judges including Debbie Rennick of ACT Venture Capital; Mary Lambkin-Coyle, Professor of Marketing at the UCD School of Business; Charlie Taylor, a business journalist with The Irish Times; and Cyril Murphy, Founder and CEO, Equiendo.
The Bolton Trust Awards are open to teams who have completed Enterprise Ireland’s New Frontiers Programme at Technological University Dublin’s three campuses: Blanchardstown, City and Tallaght and at IADT Dún Laoghaire. Since 2012, no fewer than 377 teams have completed the programme, which offers a package of finance, training and workspace. These teams, including companies like Hub Controls, Cortechs and Artomatix, have gone on to raise in excess of €40m of investment and generate in the region of 1,000 jobs. Previous winners of the Bolton Trust Innovation Awards have included Checkventory, YourSmileDirect and Kinesense.
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