A team of TU Dublin Product Design students have won the 2020 NIBS Worldwide Business Plan Competition making it the first time that any University has won the contest four years in a row.
The NIBS Worldwide Business Plan Competition aims to stimulate entrepreneurship among students. Teams are challenged to conceive of a new service or product offering, and then create a business plan and concept pitch video aimed at convincing potential investors to finance the business. Cillian Cooney, Gavin Butler, Oisin Durkan, Ben Thornton and Jack O'Finn developed Affixt Eyewear, glasses with a simple to replace fixed hinge that will extend the life of the lenses saving money and reducing the amount of waste eyewear that ends up in landfill each year.
Due to the Covid-19 situation, there was no final round this year. Instead, the NIBS administrators have ranked all teams by the scores the judges gave in earlier rounds, and TU Dublin's Team Affixt was the very clear winner with a fantastic overall score of 93.8/100.
Commenting on the win, Oliver Herbst, a Lecturer in Entrepreneurship at TU Dublin, said, "Product Design have been very successful at this competition for a number of years. However, this year's success not only adds a further win to the programme portfolio of success, but it also means TU Dublin is the first team to win the competition four times in a row. This shows the high standard of the students' work and the commitment and cooperation between all staff involved from the School of Mechanical and Design Engineering, the School of Marketing and the School of Creative Arts."
Well done to Cillian, Gavin, Oisin, Ben and Jack! More information about Affixt Eyewear can be found here.