Local Limerick Company, Ocean Survivor, has been named the Overall Winner of the 13th annual InterTrade Ireland Seedcorn competition.
Founder of Ocean Survivor, 25-year-old Kieran Normoyle from Patrickswell, received a cash prize of €100,000.
The company, based in the University of Limerick, creates a range of safety equipment aimed at the offshore oil industry.
The company develops simple technology that helps with the effects of hypothermia, which promotes comfort and mental well-being in a survival situation.
Mr.Normoyle has also secured first place in Limericks Best Young Entrepreneur competition.
Organised by the Local Enterprise Office (LEO) in Limerick, Mr.Normoyle won the ‘Best New Business- Trading up to 24 months’ category.
Eamon Ryan, Head of Enterprise, LEO Limerick said: “Kieran is another shining example of the wealth and breath of entrepreneurial activity ongoing in Limerick.’
“As a Graduate of Product Design and Technology, he has benefited from the supports and training provided by LEO Limerick and Enterprise Ireland to develop his business. We look forward to supporting his business going forward”, said Ryan
“Aside from securing €100,000 out of a total prize fund of €280,000, Kieran will have benefited greatly from the feedback he has received through its participation in the Seedcorn competition”, he said.