Wednesday 17th November saw the LINC host the iFactor competition. The ifactor is an innovative competition for the companies located in the Incubation and Innovation Centres in the third level colleges in Dublin, the iFactor competition is sponsored by the four County Enterprise Boards in Dublin: Fingal, Dublin City, South Dublin and Dun Laoghaire Rathdown. Two companies from each centre were selected to compete in the competition.
The centres involved were:
- Synergy Centre, Institute of Technology Tallaght
- Media Cube, Institute of Art, Design and Technology, Dun Laoghaire
- Business Incubation Centre National College of Ireland
- Invent, DCU
- The LINC, Institute of Technology Blanchardstown
The competition was a huge success and saw ten companies compete for the grand prize of €4,000. The ten companies that took part in the competition were Boxever, LORG, Lenders Engine, Clip Gurus, Saticon, Safefood 360degree , Lucey Technology, Openplain, UtilitySaver and Wirelite Sensors. Each had two minutes to make its uninterrupted elevator pitch. The judging panel then questioned them on their business for 3 minutes.
The Judging Panel comprised of the following:
- Anthony Bermingham, formerly CEO of LAKE Communications and now an investor in technology start ups
- Emer Jameson, Managing Director of yourlocal.ie
- Richard Walsh, Managing Director, Ethanol Ireland
- Anne Keogh, an experienced Entrepreneur in the digital media sector and Director of needahotel.com
All of the companies gave a great account of themselves and after a lengthy debate the Judging Panel decided that the worthy winner was Jonathan Mulligan of Openplain based at National College of Ireland Business Incubation Centre. Jonathan received a cheque for €4,000 to invest in Openplain which was funded from the Dublin City and County Enterprise Boards.