Pitchcrawl competition offers €25,000 in prizes
Irish Innovation Showcase puts seed funding, consultancy services up for grabs
TechTrade | 24 Sep 2012 :
One exhibitor at the upcoming Irish Innovation Showcase
in Limerick on 4 October will walk away with a prize worth €25,000 from the first ever ‘Pitchcrawl' competition.
About 150 companies showcasing at event - hosted by LIT at Dell Ireland on its Limerick campus - will be in with a chance of securing an equity/seed capital injection of €15,000 from LIT's Enterprise Ladder Fund, plus a range of consultancy services worth €10,000.
Up to 10 companies will be selected to pitch Dragon's Den style for three minutes to a panel of judges. The judges will be tasked with choosing three finalists who will then receive coaching from an expert before going on to pitch a second time in front of members of the public, for the grand prize.
Announcing the competition, LIT enterprise development and business liaison manager Gillian Barry said: "Between the seed funding that will be available to the winner from our Enterprise Ladder Fund and the consultancy services that they will receive as part of the overall prize, this is a really attractive opportunity for startup or early stage companies and at a time when this type of funding and advice can make such a difference.
"We expect this to generate a lot of interest but companies will need to book their stand early to avoid disappointment as we already have a large number of stands taken and only companies exhibiting at the Showcase can enter. This element of the Showcase will also create an additional buzz at the event, not least during the final, which will be open to the public."