Tech Start Up wins Pitch Presentation CompetitionInvent Start-up Company Xcelerator.ie has picked up first prize in a Pitch Presentation
Competition held recently at Invent DCU. During a 12 week intensive Tech Venture
Creation Programme, 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.
Pictured L to R: Richard Stokes, CEO Invent, Tony O'Dowd CEO, Xcelerator
Xcelerator.ie provides cloud-based, easy access to personalized Machine Translation systems for professional translators. In accepting his prize, founder and CEO of the company Tony O’Dowd said, “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 50% improvement in translation throughput when combined with an easy-to-use, machine translation system.” Leveraging technology developed on the DCU campus within the CNGL(Centre for Next Generation Localisation) Xcelerator.ie will be a company to look out for in the future.
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The competition judging panel included Cathy Holahan, Enterprise Ireland, Avine McNally, Small Firms Association and Patrick Burke, Grant Thornton. Attending the presentations was Invent CEO, Richard Stokes who said “it is encouraging feel the positivity for new Irish enterprise coupled with a sense of creativity and innovation in the current climate and in particular amongst our own researchers who are becoming ambassadors for DCU in its drive to be recognised as the University of Enterprise”.
The Tech Venture Programme is presented by a group of talented business people with relevant commercial experience in the technology sector. This ensures that participants get advice and examples based on real life experiences. Invent is very proud that three of last year’s participating companies were shortlisted for the Ryan Academy Propeller Fund proving that this programme is really helping companies to get the start they need. 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.
