Tech start-up Xcelerator.ie has picked up first prize in a pitch presentation competition held at Invent DCU as part of its 12-week Tech Venture Creation Programme.
Xcelerator.ie provides cloud-based, easy access to personalised machine translation systems for professional translators.
During the Tech Venture Creation Programme, Dublin City University (DCU) researchers and start-up companies were taken through the process of evaluating their ideas for a technology business.
The pitch presentation competition was the culmination of their work and allowed participants to showcase the commercial potential of their ideas.
“With high-speed access to the web now and virtually unlimited computing power available it’s now possible to use machines to generate high-quality translations, so professional translators can work quicker and translate more words per day – achieving 50pc improvement in translation throughput when combined with an easy-to-use, machine translation system,” said founder and CEO of Xcelerator.ie Tony O’Dowd.
Three of the companies that took part in the Tech Venture Creation Programme last year were shortlisted for the Ryan Academy Propeller Fund and one of last year’s emerging companies, Green Egg Technologies, was recently announced as the first new start-up company to be launched from Ireland’s first Green Economic Zone.