Tech start-ups compete in ITB iFactor contest

16 Nov 2010

A number of technology start-ups will battle it out in this year’s Institute of Technology Blanchardstown iFactor contest.

LINK is part of Innovation Dublin 2010 and allows companies to make their pitches to a panel of investors with a cash prize of €4,000 to be won.

Among the 10 companies taking part are online payment company Lucey Technology, online analytics service Openplain and sustainability company UtilitySaver.

Two-minute pitch

Each of these companies will have two minutes to make its pitch and then field questions from the judging panel before the panel makes its decision on a winner.

The contest is funded by the four Dublin County Enterprise Boards, Fingal County Enterprise Board, Dublin City, South Dublin and Dun Laoghaire Rathdown.

Assumpta Harvey, manager, the LINC, ITB, said: “Should a start-up company walk into an elevator and meet with a possible investor – they have two minutes to engage that investor to ensure they tune into or out of your idea. The iFactor gives these start-up companies a chance to test their elevator pitch in front of a friendly panel of investors while competing still for a cash prize of €4,000.”

The competition takes place Wednesday, 17 November, at 6pm in the Lecture Hall of The LINC at ITB.

The Incubation Centres involved in iFactor 2010 are:

·        Synergy Centre, IT Tallaght

·        Media Cube, IADT Dun Laoghaire

·        ICELT NCI

·        Invent, DCU

·        The LINC, ITB