FenuHealth co-founder makes student entrepreneur awards final

Kate Madden is just one of seven people and the only woman to be selected for the global awards

Annie and Kate Madden, who founded Fenuhealth in 2015 while still at school

Annie and Kate Madden, who founded Fenuhealth in 2015 while still at school

 

Kate Madden, co-founder of FenuHealth, is one of seven people to make it to the finals of the Global Student Entrepreneurs competition, beating more than 1,500 other applicants from more than 50 other countries in the process.

The prestigious awards, which began in 1998, are open to students who own and operate a business while still attending college or university. The competition aims to support student entrepreneurs to scale their business.

Ms Madden (20), who founded FenuHealth with her sister Annie (18) in 2015 while both were still at school, is the only woman to make the finals, which will be held virtually next week due to the Covid-19 crisis.

The first place winner of the competition receives $25,000 (€21,560) with prizes of $10,000 and $5,000 each for two runners-up.

Ms Madden, who is studying for a BSc in food marketing and entrepreneurship at University College Cork (UCC), told The Irish Times that while Fenuhealth saw a 7 per cent dip in revenues at the height of the Covid-19 crisis, business has “bounced back again as the racing industry started to resume”.

FenuHealth, which is based in Co Meath, produces powdered supplements that are added to feed to help prevent and resolve stomach problems in horses and ponies.

The business was built on work done by the Madden sisters as transition year students taking part in the BT Young Scientist and Technology Exhibition. It now trades internationally and counts five royal families among its customers.