The Highs and Lows of Fundraising

Every entrepreneur knows that having a great idea is just the beginning. The real work begins with sourcing funding, building the right team and keeping focused on your goal. Today we meet an entrepreneur who shares his experience of turning an innovative idea—using space technology to improve sports safety—into a real business. He breaks down the realities of securing half a million euro in investment with the help of networking and mentorship, as well as the importance of resilience in navigating the ups and downs of bringing a product to market. Our guest today has worked with the European Space Agency and is using that experience to create technology that can detect head injuries. It’s a pleasure to welcome Founder and CEO of Sports Impact Technologies, Eoin Tuohy.THINGS WE SPOKE ABOUTBringing space technology to sports Developing viable designs and prototypes Challenges and successes of raising half a million euro Building a team and why first hires are so importantThe emotional highs and lows of entrepreneurship GUEST DETAILSEóin is a mechanical engineer and entrepreneur from Kilmacanogue, Co. Wicklow. Before founding Sports Impact Technologies, he worked as a research engineer at the European Space Agency's European Astronaut Centre, contributing to the space medicine and lunar research teams. During his time there, he developed wearables for spaceflight, including a device currently in use on the International Space Station.His company, Sports Impact Technologies, focuses on innovative wearables that detect and monitor head impacts in sports, enhancing player safety and recovery.https://ie.linkedin.com/in/eoin-tuohy Sports Impact Technologies is a tech company based out of NovaUCD, which is developing sports wearables to detect head impacts as they happen. https://sportsimpacttechnologies.com/ MORE INFORMATIONTake control of your business with accounting & business services you can trust.We take away the worry and headache of running your own finance and related business services functions.https://kinore.com/ Real Business Conversations is produced by DustPod.io for KinoreQUOTESIt was really the realisation that this is not massively unattainable. People can do it. - Eóin Tuohy If you can find a mentor who's good, it's like gold dust for me. - Eóin Tuohy You have to pick which is best for you, really leaning heavily on the good advice. - Eóin Tuohy The highs and lows are nearly like a pendulum. - Eóin Tuohy We have to be careful not to take off the blinkers.  - Eóin TuohyKEYWORDS#wearabletechnology #headinjuries #EuropeanSpaceAgency #business #funding #marketstrategy #productdevelopment #mentorship #resilience