One of the eight start-up companies on Limerick Institute of Technology’s LEAP programme for SMEs will get receive equity cash plus supports to the value of €75,000 on Thursday night (July 5, 2012).
The eight companies are drawn from three counties – Limerick, Tipperary and Clare – and have spent the past year on the LEAP (Limerick Enterprise Acceleration Platform) programme at LIT. LEAP is an intensive 12 month programme based out of LIT’s Hartnett Enterprise Centre at its Moylish, Limerick campus.
Of the 73 companies that participated in LEAP over its first five years – 2007 to 2011 – 59 of them are sustainable businesses today, employing approximately 250 people.
The winner will receive an offer of equity investment from AIB Seed Capital to the tune of €50,000, a cheque from LIT of €5,000 and €25,000 worth of advice, including legal advice from Holmes O’Malley Sexton and mentoring from The Discovery Partnership Ltd. The winner will also receive free membership of Limerick Chamber.
The second placed company will receive a package worth €15,000, including €5,000 in cash, again from LIT, plus legal and mentoring supports and Limerick Chamber membership.
The companies competing for awards on Thursday night are:
Lavida Food Ltd. – Mairead Maher and Marek Mlynarczyk (Clare)
SensorLog – Mark Sheridan, Conor McMaugh (Clare) and Business Consult Gillian Horan (Limerick)
ALR Innovations – Dr. Lisa O’Donoghue (Limerick)
Interaction Designs – Simon Woods (Tipperary)
Eventmaster – John Cleary (Co. Clare)
Tech Part – Sean Guinane (Limerick)
NeverMind Games – Mark Lambe (Tipperary)
Dual Pad – Ted Scully (Limerick)
For further information log onto www.hartnettcentre.ie. LEAP is now recruiting for the 2012/2013 programme.