Overcast gets significant airtime with HPSU Sprint Competition win
16 December 2016 | 0
Video collaboration platform Overcast has won the Enterprise Ireland High Potential Startup (HPSU) Sprint competition. The company was selected out of 28 competitors following a pitch competition and was awarded a cash prize of €2,500, which was provided by Bank of Ireland.
Overcast’s success in the Sprint competition follows being named by Google as one of 40 Irish start-ups to watch earlier this month.
The Enterprise Ireland HPSU programme is delivered in partnership with the Dublin Business Innovation Centre and is designed to equip HPSU’s with the toolkits and proficiencies that they need to become investor ready in a short timeframe. The current Sprint programme started in September and involved practical educational workshops, facilitated peer learning group work and a half-day pitch training session.
Overcast has been heralded as an innovative and ground-breaking video collaboration and storage platform, as it is the first of its kind to be designed to integrate the storing, sharing and distribution of video content for a variety of businesses such as video producers and broadcasters.
“We are currently in the process of closing a funding round and being able to share the news of our award has not only been a tremendous validation of our service, it has also been a significant endorsement of the potential of Overcast as we continue to grow our business,” said Overcast CEO Philippe Brodeur (pictured). “We have been very fortunate with the response we have received since we launched, having solved the technology challenges to let content owners and creators unlock roadblocks and get on with running their businesses.”
Orla Battersby, divisional manager of the High Potential Startup unit in Enterprise Ireland, said: “The Sprint Programme is a key part of our supports for early stage companies, preparing them for engaging with investors and raising funding, and helping them to build scalable businesses and achieve their global ambition. Of the last cohort that completed Sprint earlier this year, over half have already raised seed investment from Enterprise Ireland and third parties.”