Contact

New Dungiven business in the running for share of €280,000 prize

IMAGene Ltd has been announced as one of the regional finalisrs of this year’s InterTradeIreland Seedcorn Investor Readiness Competition which has a substantial final cash prize.

New Dungiven business in the running for share of €280,000 prize

Navein Madhavan, Janet Mitchell and Mark Leonard – founding directors of IMAGene Ltd.

A NEW start business from Dungiven is in with a chance of winning a share of €280,000.
IMAGene Ltd has been announced as one of the regional finalisrs of this year’s InterTradeIreland Seedcorn Investor Readiness Competition which has a substantial final cash prize.
The Co Derry digital company is one of 24 companies from across the island which will compete across four regional heats beginning in November.
Established by Mark Leonard, Janet Mitchell and Navein Madhavan in 2017, IMAGene Ltd develops digital tools for the manufacturing industry to address productivity.
The Northern Ireland final will take place at the the Europa Hotel, Belfast on November 14 and will see the Dungiven business go up against five other Ulster companies.
Each business will deliver an investment pitch in front of an expert judging panel comprising of venture capitalists, business angels and some of the island’s leading business leaders.
Speaking about the regional finalists, Shane O'Hanlon, Funding for Growth Manager at InterTradeIreland said: “I’m delighted to offer my congratulations to all those who have reached this crucial stage. The regional finalists have been successfully chosen based on their submission of their business plan and visual representation of their business idea. The standard of entries from Northern Ireland was very high and we look forward to seeing how the competition progresses.”
As well as a substantial cash prize fund, participants benefit from promotional, business planning workshops and mentorship support throughout the competition. 
The regional finalists will receive an intensive one-day investment pitch masterclass facilitated by InterTradeIreland, to help polish their presentation skills.  The regional winners will then be invited to pitch to a panel of judges at the all-island final, taking place in Dublin on 28 November 2019 with the overall winner and category winner announced that evening at an awards ceremony at Guinness Storehouse, Dublin.
To date, InterTradeIreland has supported over 2,300 enterprising companies through the Seedcorn process. With €238 million in new equity being raised by the companies which have reached the regional finals stage of the Seedcorn competition over the past 17 years, the competition has a strong track record of supporting early business start-ups to become investor ready.
Further details are also available on the Seedcorn website at www.intertradeireland.
com/seedcorn and follow on twitter @ITI_seedcorn.

If you have a story or want to send a photo or video to us please contact the Derry Now editorial team on 028 7129 6600 for Derry City stories Or 028 7774 3970 for County Derry stories. Or you can email editor@derrynews.net or editor@derrypost.com at any time.


Read more from Derry Now.

More News

Buy the e-paper of the Derry News and the County Derry Post here for instant access to Derry's premier news titles.

Keep up with the latest news from Derry with our daily newsletter featuring the most important stories of the day delivered to your inbox every evening at 5pm.