Irish entrepreneur named finalist in 2019 Cartier Women’s Initiative

  • Irish entrepreneur Tracy O'Rourke has been named as one of the three Europe finalists in the global 2019 Cartier Women’s Initiative awards.

    The annual Cartier Women’s Initiative Awards aim to recognise and support projects led by women entrepreneurs, with finalists selected from around the world. Entrepreneurs submit their projects for consideration and three finalists are selected from each of the seven regions covered by the competition  (Latin America, North America, Europe, Sub-Saharan Africa, Middle East & North Africa, East Asia, South Asia & Oceania).

    One of this year's three Europe finalists has been named as Irish entrepreneur Tracy O'Rourke, the CEO and founder of energy efficiency firm Vivid Edge. The company was selected from a shortlist of around 2,900 applicants from 140 countries around the world for its work in tackling global-scale energy problems.

    Dublin-based Vivid Edge has developed a pioneering new "energy efficiency as a service" business model for organisations with high energy costs, allowing its clients to invest in energy efficiency technology without putting capital up front. Replacing the cost with a service payment model simplifies budgeting and makes energy efficiency accessible to more businesses that may not have the capital to invest immediately.

    Vivid Edge has already secured €30 million in financial support from a large European energy efficiency fund and has a proven track record with clients in the private and public sector. The 2019 Cartier Women’s Initiative Award winners will be announced on May 2nd in a ceremony in San Francisco, with each of the first place winners receiving $100,000 US in prize money and runners up getting $30,000 US.

    Source: Written based on press release

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