Minister Bruton unveils Ireland’s latest crop of software start-ups

Pictured at the announcement today (Monday 17th October) of the 15 successful companies that have been awarded funding under Enterprise Ireland’s Competitive Start Fund for software start ups were  Minister for Jobs, Enterprise and Innovation, Richard Bruton TD (centre) with Tom Cusack, Enterprise Ireland Manager, High Potential Start Ups (right) and Paul Ferns from Artemis Business Solutions (left).  Artemis provides Travel Companies with technology to expand their business worldwide onto the internet, selling holidays, flights and hotels online, direct to customers.
Pictured at the announcement today (Monday 17th October) of the 15 successful companies that have been awarded funding under Enterprise Ireland’s Competitive Start Fund for software start ups were  Minister for Jobs, Enterprise and Innovation, Richard Bruton TD (centre) with Tom Cusack, Enterprise Ireland Manager, High Potential Start Ups (right) and Paul Ferns from Artemis Business Solutions (left).  Artemis provides Travel Companies with technology to expand their business worldwide onto the internet, selling holidays, flights and hotels online, direct to customers.

The Minister for Jobs, Enterprise and Innovation, Richard Bruton TD, today (Monday, 17th of October 2011) announced the 15 successful companies that have been awarded funding under Enterprise Ireland’s Competitive Start Fund for software start ups.  The fund is aimed at getting critical financial support into very early stage companies to explore the market fit for their services and move swiftly to market launch.

Over the past 10 months Enterprise Ireland has launched four such Competitive Start Funds for young innovative start ups across various sectors.  The deadline for applications to the current Competitive Start Fund is next Wednesday 19 October.  It is open to start-ups from the ICT & Industrial sectors including sub-sectors such as Internet, Games, SaaS, Cloud Computing, Enterprise Software, Telecoms, Lifesciences, Cleantech and Industrial Products.

Congratulating the companies when he met them to discuss their plans Minister Bruton commented:

“If we are to get out of this crisis, we must work hard to create an indigenous engine of growth. While multinational investment in Ireland is and will remain crucial, it is vital that we find ways of enabling our indigenous firms to perform better and take full advantage of export opportunities. As I have said before, our industrial policy must not just be aimed at attracting the next Google or Microsoft to Ireland – we must strive to create the next Google or Microsoft here in Ireland.

“Enterprise Ireland’s Competitive Start Up Fund is one of the instruments that government uses to encourage and support indigenous companies in innovative and exporting sectors. This crop of 15 companies includes some very exciting ICT start-ups, and I hope that with government support they can expand, create jobs, and contribute to our recovery”.

Commenting on the announcement, Tom Cusack, Enterprise Ireland Manager High Potential Start Ups said: ‘We see this fund as a strategic investment in these young companies.  It gives a vital injection of funding and support to these promoters when they most need it’.

Under the terms of the Competitive Start Fund, start ups will receive an equity investment of up to €50,000 for a 10% ordinary equity stake.  In addition to funding, each start up will be provided with an experienced business mentor to support them. The application process has been designed and improved to be fast and efficient to allow the new start ups to concentrate on validating their business concept and getting to market entry stage as quickly as possible’.

ENDS

 

For further information contact:

Alan Hobbs,
Head of Communications,
Enterprise Ireland

Alan Hobbs
+353 1 7272904
086 8699703

Roisin McCann,
Press Officer,
Department of Enterprise,
Trade and Employment

Paschal McGuire
+353 (0) 1 631 2222
+353 (0) 87 2594144

Note for Editors: 

Details of the 15 companies awarded funding under the Enterprise Ireland Internet and Games Competitive Fund are:

CompanyLocationCompany Offering
OneLook SystemsCorkSoftware solution to protect people and assets
LearnpipeCorkEnhanced course search site.
Fluid Software LtdDublinSoftware to develop mobile app prototypes
Footbridge Learning Ltd.LimerickOnline game for children with reading difficulties
R&D Slua LimitedCorksupply.ie is an online quotation system
PicturkDublinInternet platform for digital photographic competitions
FeePay Ltd. t/a Easy Payments PlusDublinWeb based payment solutions
Pulse Technology t/a Rate WiseDublinIT system to support hotels to sell more rooms
Open Emotion Studios Ltd.LimerickGames company
Artemis Business SolutionsKerrySoftware company to support travel companies to generate more revenue
Vending BoxDublinSupports online retailers extend their social reach
Good Travel SoftwareDublinProviders of booking software for the car rental and car share industries. 
Dingadeal.comKerryReverse auction hotel booking platform
DudleyMontLimerickOnline platform for meeting organisers
Cauwill TechnologiesLimerickSoftware to add value for Directory Enquiries services