Energy services company UrbanVolt has already been offered a national title in Ireland - and is now in line to win the overall European title.
Supported by the European Commission, the awards recognise firms who are transforming the business landscape across Europe.
“This accolade tops off an incredible year for UrbanVolt,” said CEO of UrbanVolt Kevin Maughan.
“In our first full year of business we have become the biggest lighting company in Ireland and we will save our initial customers over €20m on their lighting bills.
“With our Light as a Service model we have become the first energy efficiency service model that can truly deliver on carbon footprint reduction while remaining highly business friendly.”
The company - which was named Bank of Ireland Startup of the Year - funds, fits and maintains LED lighting solutions for large commercial properties and shares the money saved by the business as a result.
Earlier this year UrbanVolt announced that it had signed a €30 million funding arrangement with SUSI Energy Efficiency Fund.
The overall winner of the Startup Europe Awards will be announced early next year.