Bitcove, a bitcoin exchange company, were celebrating this week after receiving the accolade of Bank of Ireland/ IGNITE Business of the Year Award 2015.
The company, along with 10 other enterprising young businesses, was recognised at the IGNITE Graduate Business Innovation Programme Awards and Showcase held at the Aula Maxima in UCC on Wednesday 24th June.
Bitcove is an online crypto currency broker that provides a simple avenue for customers to acquire, maintain and transact with their Bitcoins instantly. The business developed as James became interested in crypto currencies after briefly studying cryptography in a Network Security module in college.
Bitcove has become an ambassador for Bitcoin in Ireland and the team is available to promote and discuss Bitcoin at any Bitcoin related conferences or discussion groups. They are also supportive of the larger Bitcoin community and can provide guidance to merchants who are considering adopting Bitcoin as a method of payment.
The awards were made based on presentations participants gave to the judging panel of respected business people at Bank of Ireland’s Regional Headquarters on the South Mall. The judging panel was made up of Diarmuid Lynch, Flagship Manager at Bank of Ireland, 32 South Mall; John Fuller, Associate Solicitor, J.W. O’Donovan; Seamus Downey, Taxation Director, EY; and Orla Rimmington, Partner at Kernel Capital.
Following deliberation, the judges agreed that Bitcove best demonstrated the potential to build a business that can achieve growth and create sustainable employment.
IGNITE Programme Director, Eamon Curtin said, "I would like to wish each one of this year’s participants every success as they continue to move their businesses to the next level, and congratulate our award winners in particular.
As we come to the end of the fifth phase of the IGNITE Programme, it’s clear that entrepreneurship is thriving amongst recent graduates, and the calibre out there is getting stronger as more supports become available to young entrepreneurs."