Business

Belfast business is crowned as start-up of the year

George Armstrong, co-founder and chief executive of Scanmatix, receives his start-up award

A BELFAST-based start-up which helps companies improve their bottom line with business analytics has taken the top award at the Northern Ireland final of the UK-wide Start-Up Awards Series.

Scanmatix has developed a complementary inventory management framework and barcode scanning tool that sits alongside existing EPoS and ERP systems to help identify stock issues, improve efficiencies, and drive production within retail, manufacturing and wholesale businesses.

At the Northern Ireland regional final in the Ulster Museum, it was singled out by the judges to take the night's top award.

The judges - who included Dave Linton (Madlug), Dr Roisin Molloy (Trimedika) and Audrey Osbourne (TechStart Ventures) - said: “The business has shown good growth, and that's just through word of mouth. The entrepreneurs have an excellent background in this industry and understand it well. Leveraging this knowledge will definitely benefit the speed of growth and inform strategies.

“They have a clear route on how to drive the business forward, and it's great to see them set up a subsidiary to fund the business and get their solution to market whilst not being in direct competition with the market leader.”

George Armstrong, co-founder and chief executive of Scanmatix, said: “The whole team are extremely proud to win such a prestigious award.

“The external validation from other business leaders is key to ensuring that the product and service we provide is not only commercially viable but can bring help to all local and national businesses as we navigate our way out of Covid and the implications of Brexit.”

The Start-Up Awards National Series, highlighting the dynamic start-up scene across the UK, has been rolled out in nine UK regions and is supported by BT, Clearco, Moblox, Fearless Adventures and Moja Group.

Awards creator Professor Dylan Jones-Evans OBE said the inaugural event had recognised the amazing entrepreneurial talent that exists in Northern Ireland.

He said: “We've heard exceptional stories of dedication and passion from founders of new Northern Ireland firms, and it was an honour to showcase these local entrepreneurial heroes in Belfast.

“With record numbers of new businesses being created in Northern Ireland, there is no better time to celebrate the achievements of these great businesses that are creating employment and wealth in their local communities.

“A huge congratulations to all the category winners and especially to Scanmatix which, like many others, started and traded during the Covid pandemic and, through resilience, innovation, and sheer hard work, have succeeded and thrived during the most difficult economic circumstances.”

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