Judges Select Dublin Challenge Cup Winners
The European leg of Challenge Cup finished this evening in Dublin with 25 startups going head to head.
The action took place at the NDRC, a central gathering hub for early-stage Irish companies that was once a place for Guinness to store its hops. Dublin marks the second-to-last Challenge competition and the last stop this year outside of the United States.
The evening’s crowd was almost 100 people strong. Those companies taking part presented their ideas in the categories of education, energy, health and transportation & cities, with transportation & cities as the most crowded field.
The pitching followed a day of networking and mentor sessions at the NDRC. The competition itself broke down into two rounds. During the first-round pitches, founders each had one minute to explain their solutions. During round two the finalists had a total of five minutes apiece to delve further into their ventures and then three minutes to answer questions from the judges.
The four winning startups are:
EmpowerTheUser – ETU is a software as a service provider that empowers organizations to build at scale complex branching simulations for training and assessment. ETU works with educational organisations, large international companies, including Fortune 500s, and multinational training vendors. ETU spun out of Trinity College Dublin in 2010.
Exergyn – Exergyn has developed an engine that runs on hot water, which is capable of converting low-grade waste heat to power. It is a patented technology which can be retrofitted for industrial plants.
Nuritas – Nuritas is a young bioinformatics company that is revolutionizing the way we look at food and discover bioactive functional ingredients. By using artificial intelligence to data mine the billions of peptide molecules in everyday foods, the startup’s disruptive computational technology predicts the molecules within that hold therapeutic value.
Coindrum – Coindrum provides an innovative solution in airport terminals allowing passengers to convert unwanted coins into airport retail vouchers before departing into different currency jurisdictions, with the use of its Coindrum machine.
Since October, 1776 has been traveling the globe in search of the most promising startups. By the end of Challenge Cup the event will have gone to 11 countries. In May the winning startups from each city, including Dublin, will compete in the Challenge Festival in D.C.