Seán McVeigh scoops main funding for elite sports activities scaleup

Letterkenny entrepreneur Seán McVeigh swam with the sharks and gained at ALPHA Innovation’s first-ever Disrupt By The Sea pitching competitors.

Seán, a well known footballer and founding father of Precision Sports activities Expertise, was the general winner and the Viewers Alternative Award winner finally Friday’s dwell occasion.

Disrupt By The Sea noticed six of Eire’s high scaleups pitching to a panel of US Traders for a potential $100,000 money funding.

With 6 minutes on the clock, every scaleup pitched their enterprise, adopted by the Sharks placing them via their paces with questions delving into their turnover projections and plans for US pilots. 

Members of the viewers had the chance to vote for his or her favorite pitch, with Precision Sports activities Expertise, securing the Viewers Alternative Award.

After half-hour of deliberation by the Sharks, the Galway-based scaleup additionally got here out on high because the General Winner. Chief Industrial Officer, Seán McVeigh, who relies in Letterkenny, was offered with each trophies on the day. Seán, and his co-founder Emma Meehan, will now enter negotiations to find out whether or not they can agree phrases with the sharks.

Precision Sports activities Expertise permits elite sports activities groups to analyse high athletes’ train strategies and handle rehab, in real-time with the help of their smartphones. The promise is that this may exchange costly labs, and lengthy delays in calculating outcomes, which is the present customary.

Commenting on the success Seán stated “Emma Meehan and myself are delighted to have been shortlisted to pitch at Disrupt By The Sea 2023, so to go on and win each prizes is overwhelming. We’re thrilled and grateful to ALPHA Innovation for his or her insights and suggestions on the lead-up to the occasion! The calibre of scaleups on stage with us was actually excessive so profitable each prizes was past our expectations!”

Along with funding, Precision Sports activities Expertise achieve entry to a set of wrap-around helps that features assembly house on the US East Coast courtesy of ALPHA Innovation and their US traders. 

The six competing scaleups working within the fields of agriculture, well being, elite sports activities and satellite tv for pc communications.

Within the weeks main as much as Disrupt by the Sea all these shortlisted acquired teaching to assist them craft a compelling story and predict the robust questions. This service is open to different ventures that need to pitch subsequent 12 months and the hunt to establish the lengthy checklist for Disrupt By The Sea 2024 has already begun.

Disrupt By The Sea at Rathmullan Home

Grasp of Ceremonies, Gormfhlaith Ní Thuairisg (Craoltóir – Radio na Gaeltachta; Communications & Advertising and marketing Supervisor – Udarás na Gaeltachta), launched the dwell viewers to the celebrated judging panel who took to the stage of The Pavilion venue. 

John Fries, Managing Accomplice of Philadelphia-based Germantown Ventures – himself a 2023 Tip O’Neill award winner, was joined on stage by Mark Baiada, Chairman of BAYADA Residence Well being Care and Normal Supervisor of BAYADA (Eire), Mike Finucane.

Head of Innovation [at ALPHA Innovation], Kevin Sexton was delighted with how the afternoon went:  “Right now was about showcasing the connections and helps we carry to Startup and Scaleup ventures. We launched these enterprises to influential US traders that may in any other case take them years to entry one-to-one, gaining worthwhile first-hand insights on the US market and suggestions on their companies alongside the best way. Our Sharks have requested us to trace a lot of the opposite groups that pitched. So if the companies execute on their suggestions they might be in entrance of those traders once more earlier than lengthy”. 

“Our sharks commented afterwards they have been pleasantly impressed by the expertise that was on show and have dedicated to returning subsequent 12 months to listen to from extra progressive scaleups, ear-marking one other huge identify they need to be a part of them on the stage in 2024. That’s testomony to the usual and degree of ambition popping out of Eire that they witnessed right here right this moment.

The occasion concluded with a fireplace chat dialogue titled ‘Join The Dots’ hosted by Michelle Conaghan, IDA Eire’s North West Regional Supervisor. She was joined on stage by: Charlene Kennedy – PGIM; David Gildea – Druva; and Paul Phelan – Optum; They mentioned the strengths of the area, the expertise accessible, and the way organisations can come collectively to assist each other throughout the ecosystem.

Kevin concluded: “Towards the backdrop of the Wild Atlantic Means in a top-notch location, with artisan meals from native producers, Disrupt By The Sea showcased a number of the greatest the county has to supply ..and right this moment’s occasion firmly planted Donegal on the investor radar. I intend to proceed constructing on the already sturdy relationships we have now with the US East Coast throughout my subsequent go to in November”.

If you’re desirous about pitching in 2024 and accessing the teaching helps ALPHA Innovation supplies, attain out right here.

ALPHA Innovation is supported by Enterprise Eire and Donegal County Council.

Seán McVeigh scoops main funding for elite sports activities scaleup was final modified: September twenty first, 2023 by Employees Author