Broadcast: 26/02/2009 - This episode has now expired
Product: Irelands first all encompassing hen party web-portal. There are over 26,000 weddings in Ireland each year, therefore approximately 26,000 hen parties. The aim of the website, is to address the notable absence of a platform harnessing the hundreds of thousands of Euro being spent on hen parties each year. The hen party industry is HUGE in this country with the service industry cashing in on it annually. But for some reason there wasn't a focal point for all this information before www.hen-party.ie - information that tens of thousands of women under the age of 40 were looking for. Hen Party acts as a portal for every element of a hen party. It provides women between the ages of 20 and 40 with all the information required; from the games and nice ideas to the hotels, the spas, the restaurants and the packages. Kate in turn generates revenue from 2 streams - firstly from selling advertising to hotels, restaurants, activity providers etc and secondly from an on-line store.
Came up with Idea: Kate has been bridesmaid for five of her friends and noticed the potential market that is in Hen parties. With over 26,000 weddings in Ireland per year that means there is 26,000 hen parties a year.
Personal Information: Kate is 29 years old and from Cork. She is married just under four months and is living in Waterford with her husband Paul. She has a degree in Business Information from UCC. She trained to be an accountant with Pepsi for a year but left and went into IT project management, working for two different companies before she launched the website.
Outcome: Gavin and Niall invested in www.hen-party.ie at €15,000 each for 20% each.
Name: Michael Houghton
Idea: Ride Rite
Location: Knocklyn, Dublin 16
Product: Unique revolutionary stabiliser for a child's bicycle. Not only does it stabilise the bicycle to allow the novice rider to cycle safely. It also teaches the child the art of balancing the bicycle especially when turning. The advantage of the Ride Rite Stabiliser is that it enables the novice cyclist to experience natural tendency of the bicycle to tilt while turns are being negotiated. It provides a controlled way to learn to balance a bicycle.
Came up with Idea: The idea stemmed from-being a parent trying to teach his children how to ride their bikes.
Personal Information: Michael Houghton is 43 years of age and is married with 2 children (Age 12 and 10 years). He is English and has been living in Ireland 15 yrs. He is Working in Intel as maintenance technician and currently studying degree with open university. His last module was a design course.
Name: Tony Frattaroli
Location: Kilteely, Co.Limerick
Product: Sals Pizza started trading on July 4th 2008. They currently have over 200 customers and they trade Wednesday through to Sunday. They have dedicated all their time and money so far to the business. They bake and deliver fresh pizza to an area with over 20,000 of a population. Their product is made entirely from fresh ingredients using an old family recipe. The opportunity here is that no one is currently doing what they do in County Limerick. They have a great area to tap into and having only touched the surface over the past few months.
Came up with Idea: Tony only recently started Sals Pizza, www.salspizza.eu an authentic Italian pizza delivery business. Tony is using an old family recipe dating back 70 years. Their product is made entirely from fresh ingredients using the old family recipe. The opportunity here is that no one is currently doing what they do in County Limerick. There are no pizza delivery companies in a 16 mile radius of where they live.
Personal Information: Tony has spent most of his business life in sales and management. He has worked for telecom companies, software companies and logistics companies. He has presented in front of many levels of executives globally gaining invaluable experience from this. He have also been involved in acquisition scenarios Tony's father and his people come from Nola and Casino in Southern Italy. His grandparents had a small Italian café where they made pizzas with their original family recipe. Tony takes this part of his life very seriously as it has made him who he is today especially the values instilled by his father.
Name: Adrian Keegan
Location: Ballygar, Co.Galway
Product: Adrian realised that there was a market for this product four years ago whilst he was out driving. His wife turned on the cars interior light to get her keys and this affected his ability to drive. He then realised that women sometimes find it hard to find their keys in their handbags at night. The product also lets women find their keys quicker if they feel that someone is following them at night so they can get into their home or car.
Came up with Idea: Adrian realised that there was a market for this product four years ago whilst he was out driving. His wife turned on the cars interior light to get her keys and this affected his ability to drive. He then realised that women sometimes find it hard to find their keys in their handbags at night. The product also lets women find their keys quicker if they feel that someone is following them at night so they can get into their home or car.
Personal Information: Adrian is 30 years of age, married with 2 children, 7 year old and a 15 month old. Set up business selling machinery. Employs three people.
Outcome: Bobby invested €10,000 for 25% of the company.
Name: Gerry Hanley
Idea: The Ratchet Strapwinder
Location: Carnmore West, Co.Galway
Product: The Ratchet Strapwinder is used by Truckers and Farmers to wind up their Ratchet Straps after use. It eliminates the monotonous task of rolling up straps by hand. Details and a video can be seen on his website.
Came up with Idea: Gerry was having machines unloaded and he was watching the lorry driver roll up 8 to 10 straps in the pouring rain by hand. As Gerry helped him do same, he thought what a slow monotonous task!!! It got him thinking and hence the idea of the Ratchet Strapwinder evolved. The Strapwinder is a timesaving device and you can roll up your straps in seconds.
Personal Information: Gerry lives in Galway and is married with three children.