PurOrigin, a new venture focused on designing and developing novel, energy efficient, domestic appliances, has won the University College Dublin 2012 NovaUCD 2012 Start-Up Award. In addition to the award the promoters of PurOrigin were presented with a €20,000 prize fund after being declared overall winner of University College Dublin’s 17th NovaUCD Campus Company Development Programme.
The promoters of PurOrigin are Finbarr Maguire who is from Kiltimagh, Co Mayo, and David Ronan, who is from Gort, Co Galway. Both have just completed master’s of engineering degrees in energy systems at the UCD School of Mechanical and Materials Engineering and will graduate in December.
PurDry, PurOrigin’s initial product, is an innovative, energy efficient, clothes dryer designed to create a new niche in the tumble dryer market. PurOrigin is specifically targeting energy conscious consumers in European and US markets who are demanding innovative, technologically advanced, appliances such as PurDry.
In addition to the NovaUCD 2012 Start-Up Award, PurOrigin was presented with a cheque for €5,000 and will receive six-months free desk space at NovaUCD. They will also receive €6,000 worth of consultancy services from Deloitte; €3,000 worth of consultancy services from Arthur Cox; €1,500 worth of consultancy services from Aristo; and €1,000 worth of financial services from Delaney Financial Consultancy and NewMarket Partnership. The AIB Seed Capital Fund will also provide an investor ready assessment of PurOrigin. PurOrigin will also receive a year’s free subscription to the AccountsIQ software which allows SMEs to manage their entire accounting requirements via the internet.