Visual Speech Recognition - Read My Lips photo

Neil Briscoe, renowned Motoring journalist, pens excellent article on Liopa’s LipREAD in an in-vehicle environment.

https://www.irishtimes.com/business/innovation/read-my-lips-irish-start-up-gets-teeth-into-verification-tools-1.3032289?mode=amp

Investment

Liopa recently completed a ‘pre-seed’ funding round designed to take the company through development of technology demonstrator and early market proving.

Liopa CEO, Liam McQuillan, commented “we are greatly encouraged by the willingness of our investor partners to support us at this early point in our journey.  This strong backing, clear market need for our Visual Speech recognition technology and our exceptionally strong founding team give Liopa every chance to succeed”

Liopa were today named the best new start and best early stage companies respectively at the regional final of the 2016 InterTradeIreland All-Island Seedcorn Investor Readiness competition.

With a global market for the technology, Liopa’s CEO, Liam McQuillan, viewed the Seedcorn process as an opportunity to develop the company’s pitch as Liopa gained exposure to the investment community.  They will use the prize money to assist in the production of the first market-ready product.

Now in its 14th year, Seedcorn is the island’s biggest business competition for new start and early stage companies in any sector, from any part of the island.  The competition, aimed at companies which have a new equity funding requirement, has an overall cash prize fund of €280,000, with no equity stake taken.  Since its inception in 2003, companies that have gone through Seedcorn and reached regional final level, have leveraged in excess of €200m.  Encouragingly, so far for last year alone, this figure stands at more than €10 million.

Pictured with Connor Sweeney, InterTradeIreland Seedcorn Project Manager, is Liam McQuillan of Liopa Ltd, winner of the Early Stage catagory in the Northern Ireland final of the 2016 Seedcorn Investor Readiness Competition. The company has secured £20,000 to help finance their ventures and will now go on to compete in the all-island final will take place at the Waterfront Hall in Belfast on 23 November. The Northern Ireland finalists will go head-to-head with the Dublin, Munster and Connacht & Leinster finalists for the titles of Best Category winner, worth €50,000 and the Overall Winner, worth €100,000.