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Entrepreneurial Interviews
This series of interviews provides insight into the journey of a student entrepreneur, as they share their advice learned through their experiences.
Cotter Agritech
We caught up with the founders of Cotter Agritech,
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The idea started out on the home sheep farm when we were having trouble handling our own young lambs, trying to vaccinate hundreds of them in a race at once. It was back-breaking work that would take all day, would require 3 of us to be there and was rarely done properly. We knew we needed to find a better way so we devised the hardware element that brings the animal up to your height and takes the hard work out of sheep handling.
In the course of developing the go-to-market hardware, we came across this other problem in sheep farming around drug resistance. In sheep farming we have huge issues with anthelmintics, more commonly known as wormers or drenches, not working anymore on most farms. This has been caused by decades of overuse and misuse. Having seen this problem and being faced with it on our own farm, we decided to tackle it. What we have developed is a piece of software called SmartWorm which enables farmers to move from blanket treatment at regular intervals, to targeted treatment using advanced algorithms that identifies which animals need treatment and which don't. This Targeted Selective Treatment (TST) approach has been tested with the UCD Lyons Farm and Queen's University Belfast and has been shown to be able to enable up to a 50% reduction in drug use without any impact on worm control or animal welfare.
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It's been really challenging but a very fun and enjoyable journey. Our guiding principle during R&D was getting the product into the hands of test farmers as quickly as possible.
We began the commercialization journey in January 2020 and spent much of that year conducting market research and building alpha versions of our hardware and software. We hit a big roadblock when we took our first prototype to farmers. This prototype only facilitated handling smaller sheep and we asked farmers if they would pay for this and to our surprise they said they wouldn't. It needed to be a full sheep handling system i.e. it needed to do both small lambs and full size sheep, so we had to go back to the drawing board and meet this key need. So in 2021 we worked alongside 20 test farmers to constantly test our prototypes under real conditions with the aim that by the end of the testing process, we would have something they would pay for, and we achieved this after 6 months of extensive testing, putting up over 40,000km of car travel in the course of doing so. It was expensive and time consuming but absolutely essential and unavoidable if we were to succeed in this venture.
90% of startups fail within the first 2 years, and of that 10% remaining, 90% will fail after another 2 years. I think the key to being in that tiny minority of companies that come through the process successfully is getting your product into the hands of someone who will pay you for it as quickly as possible. There are too many startups out there with solutions to problems that don't exist or solutions to problems that people won't pay you money to solve. The sooner you find out whether an idea is a good or bad one commercially, the sooner you find the right idea, and the sooner you will succeed and achieve your ambitions.
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There’s more support out there for start-ups in Ireland than there ever has been. We’ve received really key financial support (grant-aid) from our Local Enterprise Office and from Enterprise Ireland. We’ve also completed 2 accelerator programmes in the last 12 months – the first being the AgTechUCD Agcellerator Programme and just recently we completed the Ideate Ireland Startup Programme. These accelerators have been akin to giving a man a torch in a dimly lit room – they have helped us see more clearly what we have always been looking at. We’re hugely grateful to AgTechUCD and Ideate Ireland for their support and belief in what we do, and I would encourage any early stage startup to engage with these programmes. AgTech as a sector is very hot right now, being projected to rise to $22.5 billion in total market value by 2025. The trend is towards more nature friendly farming, reduction of chemical use and protection of our biodiversity, so the tide is rolling in our direction as we’re addressing these areas.
Most recently, I represented Ireland and Europe at the Global Student Entrepreneur Awards with this idea and became Global Champion, which is a great achievement for our own company but also for AgTech and agriculture as a whole. It’s amazing recognition on the global stage of the importance of food and animal production and helping farmers to become more sustainable. After all, we’ve got to be able to feed ourselves.
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The ISEF competition was an experience I will never forget and will stand to me in the future. Each stage of the pitch competition is quite intense, and you obviously hope you can go all the way and win it. To go and do that was a great achievement and something we often look back on when we're facing challenges in the business and it drives us forward. In particular, getting access to chat with experienced entrepreneurs was a huge asset to the competition. Getting to hear from the likes of David McKernan on why you should start a business, lessons learned and the importance of mentorship was very beneficial and I still go back to some of what he said on the pitch night for inspiration on problems we're facing in our business day-to-day.
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After winning ISEF, we went on to launch the business in May which was very successful. We now have paying users in Ireland and the UK and are seeing good levels of adoption. We're also active over in New Zealand having recently taken on our first paying customers. I've just started my final year of college in UCC so we're focused on growing sustainably. For the next 9 months or so we're going to grow at a pace where I can balance the business activities while completing my college degree and fitting in a bit of craic too...
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1. Go slow to go fast later. Get the fundamentals of the business right before scaling up. Like a stairs the way to climb it is step-by-step. Don't get sucked into moving too fast because others are moving faster or are further along than you. There will always be startups who are raising/selling more and businesses who are only just starting out and aren't as far along as you. Run your own race.
2. If you're the smartest person in the room you're in the wrong room. Surround yourself with experts, avail of as much mentorship as possible and become a great listener. Every day is a school day. Most of the learning happens on the job so just go and do it and swim along as competently as you can.
3. Place absolutely no limits on yourself and where you can go. Set standards of excellence, maintain them, be accountable to them, and strive to better them every day.
4. If you want something, the easiest way to get it is to deserve it. If you want to become an entrepreneur - work hard, put in the hours, and take it upon yourself to learn the skills needed to be a leader within your startup. As the success comes make sure to stay humble with your feet firmly planted on the ground at all times.
Recroot
We caught up with Cian and Nev of Recroot, our 2017 winners, for the launch of our new series of Entrepreneurial Interviews.
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Nev:
Myself and Cian both grew up in the same town in Tipperary. We attended the same primary and secondary school, and eventually ended up in the same university. In UCD, I studied Mechanical Engineering, and Cian studied Commerce International.
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Cian:
So the idea originally came when we moved up from home, and found it so difficult to get a part-time job. I eventually got a job in Starbucks throughout my first and second year. During this time I would see people handing in ten, twenty CV’s a week, and they all seemed completely indistinguishable from each other. I saw a lot of meaningless info and no indication of personality at all, or how good a jobseeker would be in a customer focused area.
This is where we had the idea of a focused platform, solely for hospitality and retail entry through the actual video itself. So I suppose the idea came from firstly trying to find a job and secondly, managers lack of ability to gauge a personality from a CV.
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Cian:
One of Nev’s skills was in graphic design, illustration and photoshop, and this proved to be very useful to us in the early stages. We drew up a business plan, then had a product plan which Nev was able to design through photoshop to give it look of a real app and website, even though it wasn’t functional at the time.
Our next step was receiving our first innovation voucher from Enterprise Ireland. It was very easy to apply for, and they’re worth five thousand. What we did with that was we built a basic website, and this got us to such a place where it was functional enough to ask for further investment. So the design as well as the grant were definitely the initial steps in getting it off the ground.
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Nev:
I’d always say engineering is a good one. I enjoyed studying engineering but it’s not really specific things I remember from the course, but more the general problem solving ability that you pick up from the degree.
Cian:
I think the internships in Quinn are good for a certain period, and definitely get you involved in what it’s like to work in a professional environment. The main thing that they give you, along with studying a business degree, is actually presentation skills. That definitely helped us countless times when it came to hopping up on stage.
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Nev:
It’s definitely progressed quite a bit. I think around last April we were at a stage where we found ourselves fairly quickly running out of development funds. It was at a point whereby the platform wasn’t quite ready for us to actually release it, so the actual prize from winning ISEF went a long way in terms of buying another month of development. This proved really important actually, because without that stint I suppose there would have been a gap there whereby our product wasn’t ready to release into market and we wouldn't have had enough money to bring it to that level.
Also, some of the contacts through the judges and business leader that we’ve gotten in touch with after have been really beneficial. So between the prize and the actual networking it’s been really good.
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Nev:
I suppose the main thing for us was to actually attract job seekers. We found from approaching stores that they thought it was a great idea, and were happy to put their various job vacancies on the platform. We ran into a bit of an issue however in terms of getting actual job seekers on board. Initially we found that quite difficult.
At the start our main goal was to build general awareness, just to prove the concept and so on but we found quite tricky. Ultimately what we ended up doing was we would (and occasionally still do) place an ad on Gumtree - for example if starbucks had a couple of job vacancies around the city - saying vacancies are available and to get in touch with either of ourselves. Then once people did, we’d confirm that the jobs were available and have them redirect themselves through the recroot app. It can be a bit of a manual and sloggy way of getting it up and running but it’s worked pretty well so far. We have relatively large pool of active jobseekers that we can call back on when there’s jobs available and be immediately able to have applicants for stores.
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Cian:
It’s very tough to say with the amount of variables. In a year however, we’d really like to see ourselves get significant funding from Enterprise Ireland's High Potential Startup scheme. This is 500,000 in EI funds, and we’d love to match that with VC or private equity funds. That’s the main plan, and hopefully to get to London at some point next year once Dublin’s up and running.
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Nev:
I think for our situation anyway, we thought of this idea initially and then floated it to friends, peers and family. We thought it was great as it seemed to make an awful lot of sense. For a job in a bar, cafe or the likes, an employer isn't really overly concerned with your past experience whereby you can learn to do the job in a couple of days. The hardest thing that they try to find is probably whether or not the applicant is a good personality fit. Because of that reason we thought this idea was really good. My advice would be to take an idea and get as many opinions as you can on it. Eventually once you’re suitably happy this could be an option, really put everything into it and go for it. The worst that could happen is you’ll come away knowing so much more than you did when you started, and the best that could happen is you’ll build a successful business ultimately.
Cian:
I’d say contacts is a massive part of it, and definitely use them if they’re there. Get in touch with relatives, family friends, professors, any sort of mentor that you can get. Definitely reach out and try meet up to get their thought processes. What we’ve found is we’ve probably learned the most by doing this through talking to mentors and contacts over the past year, and the learning curve is huge.
You really know nothing when you start, you may think you do but it isn’t until you actually go and do it that you realise. Dublin’s so small and we found the network available to be massive.
Vital Fixies
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I think starting a business in school in a great time. The advice, support and sales from friends and family was absolutely crucial to getting my business off the ground. Although you definitely have an extra work load, the connections you have through friends, and at that age, friends parents makes a huge difference.
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1) If you think it’s a good idea you shouldn’t let anyone tell you otherwise. Take their opinion onboard but if you really believe in it you should make it happen - The next ‘Mark Zuckerberg’ won’t be building a social network. If your copying someone you aren’t learning from them.
2) Absolutely go for it. Since starting Vital Fixies I have had the absolute time of my life. Being young is one advantage because you get extra support but you also don’t have the commitments and for me it has allowed me to travel to the most amazing places and has given me a huge amount of freedom.
3) Download Audible and listen to some audiobooks. I never had any interest in sitting down and reading books but I have time while commuting or walking the dog, to listen to business podcasts or audiobooks and learn from experts.
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I would attend as many startup and networking events as possible. I took part in ISEF in 2016 and I still tap into the contacts I made during the event. As I mentioned earlier, people do really try and help you out as a young entrepreneur and pitching your company at an event like ISEF will give you exposure to one or two hundred like minded people. Another big help has been friends parents. You probably don’t have the money to pay for legal advice or a marketing expert but a friends parent in that industry will generally give you some advice.
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It can be really hard to stay motivated especially when a lot of the work you do won’t actually be progressing the business further. As well as growing the business you still have to do all the mundane tasks like going to the bank and replying to emails.
That being said, starting my own business is absolutely the best thing I ever did. I set up my business in such a way that I can work remotely from anywhere in the world. I’m writing this article in Southern Vietnam during a 2 month backpacking trip where I have launch my second company, RePhone.ie.
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Try testing it out on a small scale, you don’t need to drop out of college or quit your job. Share the idea with as may people as you can and take all the feedback you can onboard. Don’t wait until your product is 100% perfect before you launch, you’ll waste too much time and it will never be perfect. - I would say the idea is about 10% of a successful business and execution is 90%.
One for Ireland
We caught up with Max Doyle, founder of charity initiative One For Ireland, and an ISEF 2015 finalist with his company Hook.
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In many ways it was made easier by being a student because I knew right away all the best people to work with on a project like this- classmates, people I had met at events or even on nights out. You’re surrounded by people who have the same ambition as you do which makes forming a strong team much easier.
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1) Be about the team- you may be the person that came up with the idea, but that’s worth absolutely nothing if you don’t bring in smart people who can lead the company with you.
2) Don’t be about the credit- it sounds like a great idea for everyone to know about you or your company around campus but be more about what you are doing. Focus on producing something great rather than headlines.
3) You are not Eduardo Saverin, the person opposite you is not Mark Zuckerberg. Stop telling people that you have an idea and then not talking about it because you’re keeping it a secret- the only way you are going to improve is by talking to people and getting their insight. Some of the best advice I got came from classmates and friends who didn’t know anything about the product or industry, but were logical people who will pick holes in your idea and suggest solutions. Not everyone is out to steal your Intellectual Property!
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As a student, that’s pretty easy- you’re surrounded by them! If you don’t know right away, don’t be shy about talking to people about your idea and you might come across friends of friends that would be great to work with.
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Though probably the most obvious thing ever written; failure isn’t actually the goal. Too often people approach an idea as a “learning experience” and don’t really care whether they succeeded or not. While it’s true that you learn a hell of a lot from trying, if you try to power through the difficult times rather than just folding and reflecting on the skills you’ve built, it will be a far more valuable experience. Just know the difference between “this isn’t going to work” and “I’m not going to work at this anymore”.