DIT wins 2018 NIBS Worldwide Business Plan CompetitionPosted: 17 May, 2018
A team of Year 3 students in Product Design - Cait Boyce Willis, Donal Healy, Elliot Halpenny and Daniel English - have won the 2018 NIBS Worldwide Business Plan Competition.
The NIBS Worldwide Business Plan C Business Plan Competitionompetition aims to stimulate entrepreneurship among students and the final was held today at the NIBS Annual Conference at Babeș-Bolyai University in Cluj-Napoca, Romania.
DIT Lecturer in Entrepreneurship Oliver Herbst said "I am sure you will join with me in offering our sincere congratulations to Cait, Donal, Elliot and Daniel. The DIT team competed against two other international finalists this afternoon via video conference call that was broadcast live at the 2018 NIBS Conference. Since last September the four students have developed and refined their new service/product offering, and have created a business plan and video pitch for Reach Devices Ltd. You can see it here (watch now)."
Reach Devices Ltd. stands for a safer, more secure solution to construction site theft and accidents. This idea was born out of mutual connections with the construction industry and the realisation that there is a gap in the market for smart devices in the construction industry.
- The Reach Devices Ltd. R-TEKT is the world’s first 110v industrial grade security smart plug.
- The R-TEKT is locked onto a standard industrial tool’s plug and will only allow the tool to be used once a worker scans their authorised RFID tag. This means only authorised workers with the correct credentials or training level can use R-TEKT equipped tools.
- Furthermore, the R-TEKT can track and alert owners of tool misuse, preventing thefts and accidents. Saving the owner money and helps them maintain workplace safety records.