Liopa was today named the best new start and best early stage companies respectively at the regional final of the 2016 InterTradeIreland All-Island Seedcorn Investor Readiness competition.
With a global market for the technology, Liopa’s CEO, Liam McQuillan, viewed the Seedcorn process as an opportunity to develop the company’s pitch as Liopa gained exposure to the investment community. They will use the prize money to assist in the production of the first market-ready product.
Now in its 14th year, Seedcorn is the island’s biggest business competition for new start and early stage companies in any sector, from any part of the island. The competition, aimed at companies which have a new equity funding requirement, has an overall cash prize fund of €280,000, with no equity stake taken. Since its inception in 2003, companies that have gone through Seedcorn and reached regional final level, have leveraged in excess of €200m. Encouragingly, so far for last year alone, this figure stands at more than €10 million.