Pictured Front L-R: Anne Marie Geary (runner-up), John Whelan, Partner and Head of A&L Goodbody's International Technology Group (judge), Denis Flynn (runner-up) and Sarah McCarthy (winner)
Thank you to everyone who submitted entries for our Bold Ideas Student Innovation Award 2016. We are delighted to announce Sarah McCarthy, a law student at University of Limerick, as the winner!
Sarah's winning proposal puts forward the idea of establishing the Irish Fintech Investor Market (IFIM) which would connect Irish technology start-up businesses with established foreign financial companies, looking to make a low risk investment in Ireland.
Special mention also goes to runners up, Denis Flynn from Griffith College, and Ann Marie Geary from University College Cork who both received an iPad Mini. Entries were reviewed by our expert judging panel and we asked our friends on Facebook to vote for their favourite - thank you to all who voted.
Presenting her Bold Idea at a prize-giving event in A&L Goodbody's Head Office in Dublin, winning student Sarah McCarthy said,
"I'm absolutely delighted to win this award from A&L Goodbody. My bold idea is that the IFIM would act as an online tool to connect Irish tech start-ups with potential foreign investors. The start-ups and the investors would both be vetted and authorised by the IFIM. The investors can make an informed decision based on profiles of the start-ups and can choose to invest with them either online via Bitcoins or via direct communication."
As first prize winner, Sarah receives €4,000 in cash and an internship in A&L Goodbody’s Head Office in Dublin. The Firm will also make a donation to a charity of her choice.
About Bold Ideas 2016
Now in its fifth successive year, Bold Ideas is A&L Goodbody's annual student innovation award. It recognises the most innovative ideas from undergraduate and postgraduate students from all disciplines. The theme for this year's competition related to foreign direct investment.
Changing Times - Ireland's Future
Ireland is one of the most successful countries in the world for Foreign Direct Investment (FDI). A&L Goodbody has been at the centre of this growth, with an international focus across Europe, the US and Asia. While FDI is central to the Irish economy, there are always challenges ahead.
Students were asked to identify a specific legal, business or political challenge that they saw Ireland facing - and think of a "bold idea" to address that challenge. The bold ideas outlined solutions and propositions that build on Ireland's reputation and success on the international stage.
An Internship: A four week summer internship with A&L Goodbody Dublin.
€4,000 in cash: towards educational fees – or that college loan!
A charitable donation: Be part of A&L Goodbody’s Step Up - Community Collaboration Programme. We will make a cash donation on the winners behalf to the charity of their choice.
The runners up won an iPAD MINI.
How To Apply
The closing date for entries has now passed. Award winners and runners up were announced on Tuesday 29th November.
Entries were submitted from individuals or from teams of two people. They were in written format (3-5 pages) and in short video (no more than five minutes long).
The Judging Panel
The ideas were reviewed by a judging panel made up of a number of industry professionals. Finalists were required to present their entry to the judges.
Head of International Technology Group,