ITUS Secure Technologies were thrilled to be included in the Start Up Showcase held by Enterprise Ireland at Croke Park earlier this week. The Showcase is a gathering of all companies supported by Enterprise Ireland in 2019. 2019 saw €24 million invested by Enterprise Ireland in 127 companies including 36 early stage starts ups who received Competitive Start Funding (CSF). ITUS were one of nine companies who are based in the Northwest/ West of Ireland region, who received investment as part of CSF. At the event, Jenny Melia, Manager of the HPSU division, reaffirmed Enterprise Ireland’s commitment to growing and developing female lead enterprises, with 38 female led start-ups supported in 2019.
CYBRISC – Simplifying Cyber Management
Funding received through the CSF process has enabled ITUS to develop a software solution (CYBRISC) for the Insurance industry, helping them to quantify cyber risk amongst small and medium businesses. As part of the support received with CSF, ITUS have recently completed the Innovate programme delivered by DublinBIC at the Guinness Enterprise Centre, Dublin. The programme which ran over four months involved a series of workshops, seminars and practical elements to ensure companies are investor ready. Other great companies that took part in the Innovate programme included Tympany Medical, Peachy Lean, Avtrain, KO Kombucha, Styl.Wrap, Soothing Solutions, Anewmum, Wedding Wizzard, Squid, Bonafi, MyClinc365 and Pro-Learning Solutions.
Over the next 12 months, ITUS plans to roll out a series of trials through their current customers and with some key agencies including security software resellers and insurance providers. They plan to embark on a Seed round of funding also. If you would like to hear more about CYBRISC and what plans ITUS has for 2020 and beyond, simply drop us an email at [email protected]. We would love to hear from you.