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|Some of the participants vying for the NovaUCD 2010 Start-Up Award|
NovaUCD, the Innovation and Technology Transfer Centre, will showcase 14 new high-tech and knowledge-intensive ventures emerging at University College Dublin during its annual start-up awards evening next week.
The NovaUCD 2010 Campus Company Development Programme (CCDP) Awards Evening takes place on Tuesday, 16 November starting 5:45 pm in the William Jefferson Clinton Auditorium, UCD, Belfield, Dublin 4.
The aim of this key NovaUCD enterprise support programme, is to assist academic and research entrepreneurs in the establishment and development of new high-tech ventures to commercialise the output of their research activities. The programme assists participants in defining, developing and transforming their innovative ideas into sound and commercially feasible new enterprises and in preparing detailed business plans.
At the awards evening each of the participants on this year's programme will deliver a short ‘elevator pitch'. Three short-listed ventures, selected by an independent evaluation panel, will then present their business plans in more detail to an audience comprising members of Ireland's venture capital, research, state agencies, industry and business communities.
A prize fund of €30,000 is available to the award winners. The overall winner will be presented with the NovaUCD 2010 Start-Up Award, a cheque for €5,000, six-months free desk space at NovaUCD and €5,000 worth of legal services from Arthur Cox. The overall winner will also receive a year's free subscription to AccountsIQ software which allows SMEs to manage their entire accounting requirements via the internet.
The two other short listed ventures will receive runner-up awards, cheques for €3,000 and €2,000 along with €3,000 and €2,000 worth of legal services from Arthur Cox respectively in addition to six-months free desk space at NovaUCD.
Speaking in advance of the Awards evening Dr Pat Frain, Director, NovaUCD, said, "The participation of UCD researchers in the establishment, growth and development of high-tech and knowledge intensive ventures, such as those participating on this year's CCDP programme, is of critical importance for the development of a sustainable smart economy in Ireland." He added, "The development of such new high-tech ventures will also generate opportunities for the creation of highly-skilled employment which is so critical in the current economic climate."
Equinome, the equine genomics company, was the overall winner of the NovaUCD 2009 Start-Up Award. Since winning the Award the company, co-founded by Dr Emmeline Hill, UCD School of Agriculture, Food Science and Veterinary Medicine and Jim Bolger, the Irish horse breeder and trainer, has officially launched the Equinome Speed Gene Test. Equinome has already secured major clients in Australia, France, Ireland, UK and USA for this test which determines the genetic predisposition of a Thoroughbred horse to a particular race distance. The company also has new products scheduled for release in 2011 and 2012.
At the NovaUCD 2010 CCDP Awards Evening, Philip Sharpe, Chairman, DANÚ Technologies will be the guest speaker.
The NovaUCD 2010 CCDP Awards Evening is taking place as part of the Innovation Dublin 2010 festival.
Visit www.ucd.ie/nova/novaucd2010ccdpawards/ for further event information.
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