In a remarkable achievement, the AI-focused startup Better Futures has been announced as a finalist in the design and manufacturing category of The Irish Times Innovation Awards 2024. The company's groundbreaking AI Assistant Platform, EVA, is poised to transform the way engineers and manufacturers work, unlocking unprecedented efficiency and innovation.

Unlocking the Power of AI for Engineers

Empowering Engineers with Instant Knowledge Retrieval

Better Futures' EVA (Engineering Verification Assistant) is a game-changing AI platform that leverages the power of Large Language Models (LLMs) to revolutionize the daily work of engineers. By providing instant access to engineering knowledge and automating the creation, checking, and updating of documents, EVA enables engineers to increase their efficiency by up to 40%. This remarkable boost in productivity frees up valuable time and resources, allowing engineers to focus on the true heart of their work: innovation.

Automating the "Paperwork" and "Knowledge Administration"

One of the most significant benefits of EVA is its ability to automate the tedious tasks that often consume a significant portion of an engineer's workday. The platform's advanced AI capabilities can handle up to 80% of the "paperwork" and "knowledge administration" that typically bogs down engineers, freeing them to dedicate their time and energy to more strategic and creative endeavors. This transformative shift in workflow not only boosts productivity but also reignites the passion and creativity that drew engineers to their field in the first place.

Unlocking a Generational Opportunity for Engineers

The team at Better Futures believes that the breakthrough in GPT technology represents a generational opportunity for engineers to redefine their roles and unlock their full potential. By providing a dedicated AI solution tailored to the unique needs and complexities of engineering environments, EVA empowers engineers to focus on innovation, problem-solving, and building better futures for their industries and the world.

Securing Clients Across Europe and the US

Better Futures, headquartered at NovaUCD in Dublin, was founded in 2023 by Anthony Mc Loughlin, who serves as the company's CEO and founder. The startup has already secured clients in Europe and the US, demonstrating the widespread demand for its innovative AI-powered solutions.

Closing a Seed Funding Round

In a testament to the potential of its technology, Better Futures is currently closing a seed funding round, having secured €500k in pre-seed funding earlier this year. This investment will further fuel the company's growth and enable it to continue refining and expanding its AI-driven offerings.

Recognized by the Prestigious Irish Times Innovation Awards

The recognition of Better Futures as a finalist in the Irish Times Innovation Awards 2024 is a significant milestone for the company. The prestigious awards aim to celebrate the best service, product, and operational innovations across the island of Ireland, and the selection of Better Futures as a finalist in the design and manufacturing category is a testament to the transformative impact of its AI-powered solutions.

Competing for the "Innovation of the Year" Award

As a finalist, Better Futures will compete against two other innovative companies, TurboTEM and Viska Systems, in their award category. The winner of the overall "Innovation of the Year" Award will receive a UCD Smurfit Executive Development scholarship and a complimentary annual Premium Digital subscription to The Irish Times, further elevating the recognition and opportunities for the winning organization.The winners of the Irish Times Innovation Awards 2024 will be announced at a ceremony in Dublin on November 13th, where the world will witness the next chapter in the story of Better Futures and its mission to revolutionize the engineering landscape through the power of AI.