Bitcove scoop top prize at IGNITE 2015 Awards evening.

25 Jun 2015
IGNITE 2015 participants at the Showcase and Awards Evening. is awarded the Business of the Year Award, Key wins Innovation of the Year Award and eXtensicon wins Business Plan Award at the 2015 IGNITE Showcase and Awards evening in the Aula Maxima in UCC on Wednesday the 24th June.



Sponsored by Bank of Ireland, EY and J.W. O’Donovan Solicitors, the awards were presented in front of an invited audience including representatives of Cork City Council; Cork County Council; the Local Enterprise Offices of Cork City and County; local business leaders; and friends and family; who were introduced to the new companies operating across a range of sectors including online platforms and apps, food/ nutrition, agriculture, and travel.

The top award, the Bank of Ireland/ IGNITE Business of the Year Award 2015, was presented to Bitcove founders, UCC graduates and brothers James and Peter Nagle. Following deliberation, the judges agreed that James and Peter best demonstrated the potential to build a business that can achieve growth and create sustainable employment.

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.  

Two further awards were made in recognition of business planning and innovation. The EY/ IGNITE Business Plan Award was presented to Dr Eileen Weadick, founder of <eXtensicon>. Eileen, a UCD PhD graduate, is developing online Competency Based Education (CBE) programmes in technical communications. 

The J.W. O'Donovan Solicitors/IGNITE Innovation Award went to UCC MBS (Business Information Systems) graduate, Peter Marcano, founder of Key, who demonstrated most innovative use of technology to deliver his service. Key provides an effortless, yet secure way to log into password protected computers and websites, without ever needing to remember a password. Regardless of the password lenght or complexity, all you need to sign in is your mobile phone. Peter was also winner of the IGNITE Peer Award, the only award voted on by the IGNITE 2015 participants, which recognises the spirit of cooperation, leadership and entrepreneurial ability demonstrated throughout the programme. 

Rebecca Geaney, Muireann Lynch and Cait Lynch, co-founders of Rooties Snacks, received the IGNITE 2015 Showcase Award for presenting the most effective showcase display.

Eamon Curtin, IGNITE Programme Director 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. The next intake of IGNITE participant will join the Programme this autumn, and will follow in the footsteps of some very successful young entrepreneurs who have paved the way for them to succeed on their entrepreneurial journey.”


Clár Gnó Iarchéime IGNITE

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