InterTradeIreland have been running the competition since 2003, with finalists going on to raise in excess of €256 million in equity funding.
The company which produces light sensor technology for medical 3D imaging has been awarded €20,000 in the InterTradeIreland Seedcorn Investor Readiness Competition.
PixQuanta will now go up against the other regional winners later this month for a chance to win one of two €50,000 prizes, and a further €100,000 if they are named the overall winner.