A UCC student has been recognised for his innovative online platform which enables emerging artists to crowdfund their future projects.
Timothy Lehane won an entrepreneurial award for Fanfund which allows up-and-coming musicians to raise funds for ventures, while gaining exposure to potential listeners.
Fanfund comes at a challenging time for musicians who cannot earn an income through touring due to public health restrictions on venues.
Artists can launch a funding round to raise capital from their existing fans and the platform’s user-base, which goes towards prospective concert and merchandise activities.
Mr Lehane’s idea has seen him win the CorkBIC Computer Science Entrepreneurship Award 2020, launched by UCC’s School of Computer Science and Information Technology (CSIT), in collaboration with CorkBIC.
Made possible by a donation from CorkBIC, the objective of the entrepreneurship award is to support entrepreneurial activity by computer science students, based on their final year project.
CorkBIC has worked with over 500 start-ups over the past 30 years.
Mr Lehane is continuing to work on his software platform with a view to marketing it.
Expressing his delight at winning the prize of €1,000 he said he felt “highly motivated” to realise his idea with an objective to work toward.
“I’m very grateful to be in receipt of the CorkBIC Computer Science Entrepreneurship Award 2020.
“The award is a fantastic opportunity to validate the integrity of my idea with people who have real industry experience,” he said.
Aidan Miskella won runner-up of the 2020 Award for his project on a software platform for companies to recruit and manage temporary employees. The UCC organising committee for the award comprises representatives from CSIT; UCC’s Ignite Programme; UCC’s Gateway, Blackstone LaunchPad at UCC; and UCC Innovation.
The evaluation panel included external members with entrepreneurial experience.
Senior consultant at CorkBIC, Larry O’Donoghue, said the panel saw “a real entrepreneurial quality in all finalists” and hoped that they all continue on their entrepreneurial journey.