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We Love Lucey Says DIT Hothouse


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CategoryBusiness
DateThursday, February 03, 2011
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We Love Lucey Says DIT Hothouse 

Lucey Technology and Kinesense Founders Awarded Entrepreneurs of the Year at DIT Hothouse Annual Start-up Showcase

 

 

HOTHOUSE_Mark_Sugrue_Kinesense_Deirdre_Kilroy_LK_Shields.jpgIan Lucey, the CEO of Lucey Technology, and Mark Sugrue of video content analytics firm Kinesense, have been recognised as the best entrepreneurs of DIT's Hothouse 2010 venture programme. The awards took place at Croke Park last night in front of a packed audience of investors, leading Irish entrepreneurs and representatives from state support agencies.

 

 

Aiming to support, develop and grow export-focused, high potential businesses, DIT Hothouse has supported over 300 entrepreneurs at the early stages of their business development since it was established in 2001.  The 22 entrepreneurs of  the Hothouse 17 and 18 programmes, were assessed on their business plan submissions which they presented at the end of the programme.

 

 

Lucey Technology, an Enterprise Ireland HPSU, is a solutions company which provides online payments, hosted document management, and portal technology solutions, and offers companies a white-label option to move their on-premise solutions into the cloud. It has received almost €1millon in investment to date.

 

Talking to IrishDev.com this morning, Ian Lucey (pictured below) said: "I was delighted at the award which came as a complete surprise. I'm a big fan of Hothouse. I was mentored by Andrew McNeil, the former Sales Director of Dell EMEA, Denise Doran, ex Marketing of Dell UK and Ireland, and Mary Goulding for strategy. Ordinarily, a start-up just could not afford this level of support, and it has stood Lucey in good stead as we have launched and grown over the past two years. I am always encouraging emerging entrepreneurs to attend Hothouse."

 

 

Kinesense, lead by CTO Dr Mark Sugrue (pictured above), has developed a CCTV video search and analysis tool for the law enforcement and security market. The solution allows users to automatically detect events in the video, thereby helping police to save time and money when reviewing CCTV footage during investigations. It too is an Enterprise Ireland HPSU company and to date received €400,000 of investment. He too was surprised and delighted at being acknowledged with the award.

 

 

HOTHOUSE_Brendan_Waters_Mazars_Ian_Lucey_Lucey_Technology.jpgAhead of the presentations Martin Scully, CEO of Oyster Capital Partners, a successful investor in Irish technology businesses provided a keynote speech. Referring to the one-minute video elevator pitches presented by each of the entrepreneurs, Scully said: "I am overwhelmed by the energy and talent demonstrated by these start up companies, and they are an illustration of the type of high-tech, export oriented businesses which can be the backbone of Ireland's economic recovery."

 

 

Tom Flanagan, Head of Commercialisation at DIT Hothouse, added: "Key to this, is providing a dynamic nurturing environment for entrepreneurs to learn from more experienced entrepreneurs, as well as provide them with focused mentoring and the support they need in the early stages of their businesses."

 

 

The awards were presented by the Showcase sponsors Brendan Waters of Mazars, and Deirdre Kilroy of LK Shields Solicitors who said: "Having assisted these companies on the Hothouse programme, I know first hand just how hard they have worked to build their companies from scratch. We hope that they all continue to grow and be successful."

 

 

DIT Hothouse is currently recruiting participants for its 21st Venture Programme which will commence in late March. The programme is designed to provide entrepreneurs that have knowledge-intensive business ideas with the expertise, networks and tools they need to develop highly successful global businesses. Participants must have left full-time employment and be working full-time on developing their new business.

 

Closing date is 17th February. For more information visit www.hothouse.ie

 

 

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