The Irish Technology Leadership Group (ITLG) has announced that UCC-based InfiniLED has won the 2011 ITLG University Challenge held at its fourth annual Silicon Valley Comes to Ireland event in DCU last night. The company will now progress to a pitching challenge with the opportunity to secure funding of up to €100,000 from a panel of Silicon Valley investors.
InfiniLED has developed a next generation LED technology (µLED) which produces light more efficiently than conventional LEDs,
Speaking after the win, Joe O’Keeffe of InfiniLED said, “This is a very exciting time for InfiniLED so we are thrilled with the win. We are just starting our fund raising activity and we are hoping that the networking, contacts and exposure from winning the ITLG University Challenge will further this.
InfiniLED will now enter due diligence for the opportunity to secure up to €100,000 in funding and will receive one year’s virtual office space at the Irish Innovation Centre in San Jose, California; access to the ITLG network and the opportunity to raise the company profile; the opportunity to travel to the next ITLG Awards Event in the spring of 2012 at Stanford University and receive follow-up mentoring through the Irish Innovation Centre.
TechCentral Reporters
Subscribers 0
Fans 0
Followers 0
Followers