02 Jun 2016 | 09.38 am
IoT Startup Wia Wins €30k At NDRC Day
Eleven companies competed for the follow-on investment
02 Jun 2016 | 09.38 am
Wia, a digital startup providing services around the internet-of-things, secured €30,000 follow-on investment at NDRC’s Investor Day last night.
Eleven companies pitched to a panel of investors at the event, all looking to secure next-stage investment. Judges included Ben Hurley, CEO of NDRC; Daniel McCaughan, Kernel Capital; David Bowles, Delta Partners and Conor Stanley, Tribal VC.
NDRC and Microsoft have been partners since 2014 and the keynote address at the event was delivered by Microsoft International president, Jean-Philippe Courtois.
Winning venture Wia provides a service for developers building IoT applications. The Wia platform helps developers to connect devices easily and seamlessly, including the sending of sensor data over the Internet.
All 11 companies pitching for further investment have taken part in NDRC’s LaunchPad and Catalyser programmes, where they receive mentoring and commercialisation support, along with micro-seed investment, enabling them to develop their digital businesses.
To date, NDRC have invested in over 200 companies and its portfolio has a market cap of over €250m. Recent NDRC alumni include Boxever and Soundwave.
Speaking after the event, Ben Hurley said: “We have worked closely with all of these companies, helping them refine their proposition, research their target market and checking their commercial and business projections.
“This event is the crucial next stage, where they have to prove that they are ready to answer the requirements of the investment community. The pipeline of emerging indigenous tech companies remains strong and investor interest high which is a key metric for us.”
Jean-Philippe Courtois added: “Through BizSpark and BizSpark Plus, Microsoft provides technical support, business insight, software and Azure cloud to new businesses – helping them to grow and scale.
“Partnering with NDRC has enabled us to have an impact by fostering the development of the high-potential startups we are in a position to help the most, and together we can point to many success stories including Von Bismark.”
The 11 competing startups at the NDRC Investor Day were:
AssureHEDGE: A web-based platform that allows individuals and businesses to hedge currency risks.
Game X: A cross platform search and recommendation engine tailored for the gaming industry.
HouseMyDog: An online service that connects dog owners with vetted dog sitters across Ireland and the UK.
PayZorb: A social payments gateway for energy, waste, water and telecoms utilities, enabling a single point of integration for all social media platforms.
Popertee: An online marketplace connecting property owners who have spare space with businesses who are looking to rent retail spaces on a short-term or ‘pop-up’ basis.
Trawlur: A knowledge-based platform that integrates all sources of information for buyers of used cars; classified sites, dealer sites, insurance sites and trawls through all this info to the find the best used car for them.
Wia: Provides developers with a platform to build IoT applications.
Cortechs: Creates brain-powered play in science-backed games that allow you to use your brainwaves to monitor, improve and track your focus.
Creva Club: The only Ireland-to-China secure e-commerce platform that guarantees safe Irish-sourced infant milk formula.
Exceedence: The startup has developed a purpose-built financial and technical software tool that makes it easy to model and optimise projects in the renewable energy sector and assess whether they will make or lose money.
intouch: Building the world’s first cloud-based contact management platform that allows you to easily share and update your personal information with the people, businesses and services you interact with.
Photo: L-R Conall Laverty, founder of Wia, with Ben Hurley, CEO of NDRC, and Liam McLoughlin, chief executive, Retail Ireland, Bank of Ireland (sponsors). (Pic: Shane O’Neill Photography)