Cambrist have been named the winners of the PwC Docklands Innovation Enterprise Awards 2017 after securing the ‘2017 best investment proposal’ and a prize of €10,000 enterprise funding.
The awards are an initiative of Bolton Trust, who celebrate their 30th anniversary this year, and DIT Hothouse, with the start-ups having access to the newly developed Greenway Hub on the DIT Grangegorman Campus.
Hothouse firms have created over 1,450 jobs and attracted over €150 million in external investment. Last year’s winner Your Smile Direct raised seed funding of €1.3 million and now employs 15 people in Ireland.
Cambrist facilitates real-time foreign currency processing with industry market-leaders. Its multi-currency cloud processing solution enables banks to easily control and optimise their card payment foreign exchange rates.
It has multiple retail banks in Ireland, the UK and Central Europe in late stage pilot evaluations.
The finalists, all of whom are recent graduates of the Dublin Institute of Technology/Institute of Art, Design and Technology New Frontiers Programme, pitched their investment proposals and were questioned by an experienced panel of judges on their business plans. The event is in its 15th year.
Speaking at the event, Minister for Employment and Small Business, Pat Breen said, "It is a positive time for enterprise. 21,000 new companies were registered in Ireland last year across all sectors and regions. This was the first time in nearly 20 years that the figure of new companies surpassed the 20,000 level. We should reflect and see this as the quite incredible figure it is and a testament to the strength and resilience of the Irish people and Irish business people in particular."