€100,000 prize awarded on main stage at the Web Summit
Yesterday, Thursday 18th October, Electric Ireland announced that SmartThings are The Electric Ireland Spark of Genius Award Winner 2012 at the Dublin Web Summit. SmartThings is the recipient of the Spark of Genius €100,000 prize.
With over 1,000 startups competing in The Electric Ireland Spark of Genius Competition, SmartThings battled with 3 other finalists, pitching to a panel of international investors and industry heavyweights in front of a full audience on the main stage at The Web Summit yesterday.
SmartThings makes it easy to connect the things in your physical world to the internet via your smartphone. Using SmartThings you can control your air conditioning, lock your doors or get an alert when things go wrong.
Speaking at the announcement, Margaret Colton, Head of Marketing, Electric Ireland, said, "We are delighted to present the Electric Ireland Spark of Genius Award to SmartThings. At Electric Ireland, we are committed to powering the innovation and the entrepreneurial spirit that is inherent in start-up companies. We wish SmartThings all the best of luck and congratulate the team.”
Dublin Web Summit Founder Paddy Cosgrave said, “SmartThings is a well deserved winner of this year’s Electric Ireland Spark of Genius Award. This competition is an incredible platform for startups to pitch to the world’s top investors and media and we are delighted the winner was announced at the Web Summit, one of Europe’s biggest tech events. On the back of winning the Electric Ireland Spark of Genius Award in 2011, Redeem & Get have enjoyed huge success with a launch to a global audience”.
“The Web Summit is committed to helping emerging technology companies get off the ground. As well as the Electric Ireland Spark of Genius final, we have also showcased 260 leading technology start-ups from Ireland and abroad at the Web Summit. The last two days have been an amazing opportunity for emerging companies to showcase their products to some of Europe’s leading technology figure”, added Cosgrave.
The Electric Ireland Spark of Genius Competition, now in its third year, focused on the most promising high potential Irish startups. 1,000 initial entries were shortlisted to a top 100, who then pitched from one of four separate stages – social, mobile, consumer and enterprise- to leading international investors (Andreessen Horowitz, Kleiner Perkins, Atomico, Accel and many others), industry leaders, startup experts at the Dublin Web Summit. From these 100 finalists, four finalists were chosen for a final stage of judging before SmartThings was announced as the final winner.
Overall winners SmartThings were presented with a €100K prize fund supported by Electric Ireland, Mason, Hayes & Curran, Microsoft Bizspark, KPMG, Cawley Nea, Getty Images, PCH International and HT Meagher O’Reilly.