The Limerick business took home over €100,000 – the top prize of the awards.
Limerick based business, Mavarick, recently won over €100,000 to invest in their business when they won the top prize at the InterTradeIreland Seedcorn competition.
The company is a software start-up that helps manufacturers become more sustainable. The company also won an additional €20,000 for the best start-up operating in a low carbon sector.
The manufacturer aims to help businesses make better decisions, reduce machine downtime, and increase profitability all this is done by using real-time information.
Seedcorn is the biggest business competition in Ireland with overall cash values greater than €300,000. It is designed to help start-ups and early-stage businesses get investor ready, the competition provides participating companies with the opportunity to improve their investment pitches, get expert feedback on their business plans and gain exposure to venture capitalists, business angels and some of the island’s leading industry experts and entrepreneurs.
The company was founded by Dr Paul Byrne and Koen Jasper. They are both second generation manufacturers and they are hoping to help manufacturers balance sustainability and productivity.
The Company CEO Paul Byrne has said: “The competition has been an invaluable experience and we have learned a lot about the investment process that will really help us in the next stages of our business plans. Mavarick is a company founded by second-generation manufacturers, and we look forward to continuing to help manufacturers balance sustainability and productivity.”