Padraig goes top in Google rankings!

 Colin Goulding, Head of SMB Publishers, EMEA, Online Partnerships Group, Google Padraig O'Scanaill, Fund Recs, winner of Best Online Promotion of a Business Award and Valerie Legrand, Ads Quality Operations Vendor Manager, EMEA, Google (Keogh Photography)

Padraig O’ Scanaill, a young Waterford entrepreneur and finalist in Ireland’s Best Young Entrepreneur (IBYE) competition, picked up the award for the ‘Best Online Promotion of Business’ and won €1,000 worth of Google Adwords for his company, Fund Recs.

Of the 24 finalists from 17 counties competing in the inaugural national competition, the special award was presented to Padraig and was judged by Google to be the best at promoting business online.

Paddy Flynn, Director of Product Quality Operations at Google Ireland said: “The Ireland’s Best Young Entrepreneur competition is a natural fit with the existing ‘Google for Entrepreneurs’ programme, which aims to foster entrepreneurship and empower the next generation of innovators to be successful. The ‘Best Online Promotion of a Business’ Award is an extension of that, offering one young entrepreneur the opportunity to find their audience, extend their reach, and grow their business both locally and internationally.”

Padraig was delighted to receive the award for his company, Fund Recs, which provides cloud based software to the Investment Funds Industry.

He said, “From start to finish the IBYE journey has been a rewarding experience for me and for Fund Recs.  We participated in invaluable business boot camps, received great mentoring from established practitioners, won best Waterford and Munster start-up titles and to top it all off were singled out by Google as having a national award winning online strategy.”

“The #TeamWaterford campaign was instrumental in driving visitors to our website. The content was engaging and interactive and it certainly increased our company’s profile.”

Padraig added, “Despite the much heralded economic difficulties, there has never been a better time to start a new business.  There are plenty of support services available to start-ups, particularly through organisations such as the Local Enterprise Offices to enable new companies to grow and become successful.”

Ciaran Cullen of Waterford Local Enterprise Office said, “Padraig was a deserving winner of the best online promotion award.  The Fund Recs online campaign has allowed them to grow their business and put them on an equal footing with some of the world’s more established software providers to the global funds industry.”

“Waterford LEO engaged the services of Waterford marketing company, B2B Communications, to implement and manage the highly effective #TeamWaterford social media campaign, which not only built links to support Fund Recs SEO efforts, it gave a wider audience access to the whole IBYE process and particularly, Padraig’s journey.”

Ireland’s Best Young Entrepreneur competition is an integral part of the Action Plan for Jobs 2014 and is supported by the Department of Jobs, Enterprise and Innovation through the 31 Local Enterprise Offices around the country. 

For further information about the Ireland’s Best Young Entrepreneur competition, visit www.ibye.ie, www.localenterprise.ie or search #TeamWaterford or #IBYE on social media.

Fund Recs co-founder through to National IBYE final.

A young Waterford entrepreneur has won a place at the first ever national final of Ireland’s Best Young Entrepreneur (IBYE) competition, for a chance to share a €100,000 investment fund.

Padraig O’Scanaill of Fund Recs will represent the Munster region in the Best Start-up category at the national final in Dublin this December and has already won €20,000 worth of investment from Waterford Local Enterprise Office.

Founded in 2013, Fund Recs provides cloud based software to the Investment Funds Industry, targeting a need for disruptive technology to automate the manual reconciliation of data and deliver streamlined workflows. Not even a year in business, Fund Recs already works with a Top 5 Global Bank, a FTSE 100 company and a globally renowned independent securities depository.

Originally from Ballyvourney, Co. Cork, Padraig graduated from UL and after several years working in Limerick, Galway and Dublin came to Waterford and volunteered as a CoderDojo mentor.  Padraig now regards Tramore as home.

Speaking of the IBYE journey, Padraig was delighted with the company’s progress in the competition. “The competition has been a fantastic experience for me personally and also for the company.  The starting point was being accepted onto the local IBYE programme, where we received mentoring and attended intensive business bootcamps.”

“I thought winning the Best Start-up category in the Waterford final was a major achievement, particularly in the face of such tough competition.  However going on to win the Munster regional final was tremendous. Representing Munster in the National Finals has focused so much positive attention on the business.  That, coupled with the support received from Waterford LEO has given our business invaluable exposure, funding, networking opportunities and potential to grow.”

Ireland’s Best Young Entrepreneur competition is an integral part of the Action Plan for Jobs 2014 and is supported by the Department of Jobs, Enterprise and Innovation through the 31 Local Enterprise Offices around the country. 

Mr. Ciaran Cullen, LEO Waterford said, “It is very fitting that Padraig will go on to represent Munster in the national final in December.  Over 1,000 businesses entered from every county in Ireland and the competition was intense.  Padraig’s company Fund Recs develops cloud based reconciliation software and was recognised for its strong concept, innovative nature, originality and international growth potential.”  

“We are delighted to support Padraig and his company, which is testament to the entrepreneurial spirit in Waterford.  Business challenges and business opportunities are breeding start-ups, like Fund Recs.  Locally, there is a wealth of talent, intellect and vision, all combined with sound business acumen, which is ensuring that we see more young innovative companies like Padraig’s start, grow and flourish in Waterford.”

For all the latest news and updates about the Ireland’s Best Young Entrepreneur competition, visit www.ibye.ie, www.localenterprise.ie or search #TeamWaterford or #IBYE on social media.