To2 – Part 7 – 4 ĐA – Buổi 15 – Bài 3

Tosta Tosta 24/06/2023
Davies Product Innovation Award

Thank you for your interest in competing for the Davies Product Innovation Award. For more than 30 years, the Davies Foundation has rewarded companies for their efforts to create groundbreaking technologies and products. Important dates related to the competition are listed below. Good luck!

 

17 June Deadline for submission of documentation

• Includes photographs and product specifications

    
11 July On-site presentations and prize committee meeting

•  Products demonstrated by team leaders at the Davies Foundation main office in Westport

•  Prize committee begins its discussions

    
16 August Announcement of finalists

• Top three products announced in no particular order

    
30 August Award ceremony

• Main prizewinner and two runners-up revealed; winners awarded in person at the Foley Hotel in Dublin

    

 

 

E-mail
 
From:
Brigid Callaghan
   
To:
Development Team
   
Subject:
Davies Product Innovation Award
   
Date:
16 August
 
Dear Team:

 

Great news! We’ve been selected as a finalist for the Davies Product Innovation Award for our work on the Foamax2. Each finalist is awarded funding that can be used to support its project as it secs fit. We could use the money to pay back our €8.000 loan, but with its low interest rate, there is little benefit to paying it off early. Also, all of our equipment is up-to-date, and advertising for the mattress has already heen budgeted.

 

However, given the number of orders that came in after the first stage of the competition was announced, we likely will soon find ourselves with an urgent need for increased production capacity. The board has therefore approved allocating the entire sum we will be receiving toward that purpose. This will allow us to meet the increased demand that is expected once the list of finalists is reported in the media.

Thank you for all your hard work!

 

Brigid Callaghan

Foamax2 Team Leader

    HB Takes Home Prestigious Prize

(31 August)—Galway-based mattress maker Hannigan Bedding (HB) has been named winner of the Davies Product Innovation Award.

HB was selected for its Foamax2 mattress. Made with a foam material that is less expensive to produce than its traditional equivalents, the Foamax2 is also more durable and resistant to pressure.

The Davies Product Innovation Awards are presented to small companies in Ireland that develop novel technologies used in commercial products.

HB President Peter Mallon was certain that his company would clear the first stage of the competition, a review of product documentation, even though more than 80 percent of the submissions are typically rejected at that stage.

“We knew we had a great product and that we had a good chance to become a finalist,” said Mallon at yesterday’s award ceremony. “But winning the top prize was a pleasant surprise. We didn’t want to get our hopes up, as there were some exciting new inventions in the competition.’’

Along with being recognized in several major industry publications, HB will receive a €20,000 award. The second-place prize of €10,000 will go to food producer KalePro of Limerick for its kale-based breakfast cereal, and the €5,000 third-place prize will be awarded to a Waterford-based start-up called Runnabrog for its innovative running shoe.

The Foamax2 will be available in select stores nationwide starting in November.