Thursday, November 24, 2016
Thirteen innovative entrepreneurs – who started the Enterprise Ireland New Frontiers programme at Synergy Innovation Centre in IT Tallaght last May – are targeting a total of over €2m in follow-on investment as they showcased their start-ups to business angels and investors at the Synergy Showcase, on Thursday, 24th November. Please see table below for the full list of participants.
The businesses address significant problems and opportunities in a broad range of sectors from software to education, sports and tourism, among others. Specific product and service areas include Software as a Service (SaaS) for B2B & B2C markets, accommodation rental and hospitality review verification, market analysis for SMEs, messaging apps, professional services management, sports and event management, grooming products and spirits.
For some, the fundraising has already kicked off with nearly €200,000 brought in to date and a further €300,000 under negotiation. The companies collectively are targeting over €2m in investment and they plan initially to create up to 20 new jobs over the next 12-18 months, with more in the pipeline over the next 2-3 years, so every opportunity to get face time with an investor is important.
Thomas Stone, President of Institute of Technology, Tallaght said, “ITT and Synergy Centre are strengthening our position as the leading hub for knowledge-intensive innovation in South County Dublin. Enterprise Ireland’s New Frontiers programme has been a fantastic support for our participating companies where we aim to continue expanding our programmes. This includes plans to increase the numbers of contracts we have with industry for our research facilities and technology solutions, while also growing the engagement of our undergraduates and postgraduates in entrepreneurship development programmes’’
“New Frontiers participants also benefit from interaction with our extended Synergy start-up community on the ITT Campus and in our Synergy Global Centre in Citywest. This includes 34 start-ups who are further along in their business development and fundraising journey and who share their experiences with our most recent arrivals in what is a very vibrant Incubation and Research networking environment.”
Speaking about the event, partner at Philip Lee, Eoghan Doyle said ‘As a member of the judging panel for the Philip Lee InvestStart Award, I see first-hand the level of commitment and work that is invested by these budding entrepreneurs. ITT and the Synergy Centre must be commended for creating such a supportive and encouraging environment for them to develop their businesses.’ He continued ‘On a personal note, I love getting out of the office and spending time at the Synergy Centre to feel immersed in this hub of innovation, entrepreneurship and creativity.’
Visual ID is a digital asset management company based at Synergy Global Citywest Dublin 24. Visual ID provides online products to allow client businesses manage their marketing materials independently. These materials can then be deployed to print, social media, digital screens & web, by their 4,000 active users.
uTrack was founded to bring the latest generation of cloud-based technology to transport groups, bus operators and local authorities, to grow passengers, loyalty and satisfaction with their services. Dublin based, they have created a market leading solution used by some of the largest and most respected transport organisations globally.
As well as seeking new investment, start-ups taking part in the Synergy Centre showcase event vied for two awards – the InvestStart Award, sponsored by Philip Lee and the AIB Supporting Start Ups Award, sponsored by AIB Bank.
This was a great opportunity to see the next generation of up and coming entrepreneurs at the Synergy Centre. It’s also an opportunity to learn more from successful entrepreneurs and about the supports available to start ups.
|Start-up name||Brief description|
|Chinnery Spirits||Innovative brand – Dublin Gin|
|AnchorLily||Specialist personalised dementia related range of products|
|Kincha||Mobile messaging platform for teens & parents|
|PhysioLinked||Online booking & practice management platform|
|Roomnett||Location based social network & platform for room/flatshare|
|WOWit||Event discovery & management platform (app & software)|
|Brandyfloss||Intelligent web-based digital marketing platform|
|Verivoo||Verified online hospitality review platform|
|Kickabout||SaaS (Software as a Service) app for pitch & game management|
|Planet Zebunar||STEM based space themed learning programme & products|
|LBM||Location based marketing software & hardware|
|FRANKMAN Grooming||Range of male grooming products, with online subscription|
|Melody College||Live online music school, with one-to-one lessons|