By Vincent Ryan
Tuesday, April 17, 2012
The top 10 companies selected from 150 Irish and international applicants to the Startupbootcamp will take part in the first Investor Demo Day in Dublin on May 16.
The 10 companies from Ireland, Lithuania, Brazil, Romania, and the US have all been taking part in an intensive business incubation programme on Barrow St in Dublin.
The start-ups received world-class industry advice and investment of €12,000 to take their ideas from inception through to product.
The managing director of Startupbootcamp, Eoghan Jennings, explained why it had attracted entrepreneurs from around the world.
"Our Dublin programme attracted huge volumes of world-class start-ups willing to drop everything to relocate and become part of the growing Dublin tribe of successful global innovators.
"Ireland’s mix of public and private sources means there is more seed funding available than else where in Europe," he said.
"It is also the only English-speaking economy in the eurozone, at a time when international venture capital firms are unwilling to invest directly in non-English-speaking companies."
Tim Duggan, founder of Irish startup Skynet, said Startupbootcamp had been a great experience.
This was Mr Duggan’s third startup but the bootcamp helped him get Skynet, his cloud-based oil and gas drilling data app, into a functioning beta project in just 78 days.
"We have six active test users and we have engaged with two drilling colleges, one in Texas and the other in New Mexico," he said.
The progress hasn’t come easily. The entrepreneurs involved in Startupbootcamp have been working 14-hour days for the past three months. They have been eating and drinking in the Barrow St office.
The office does have its own bar where the start-up companies can unwind and entertain guests.
Mr Duggan said one of the keys to the success of the Startupbootcamp has been dinners in the office with Google executives.
Other companies in the Startupbootcamp include CleverMiles, an Irish road safety programme; Adfaces, an Israeli and Polish affordable advertising platform; Easyprove, a Lithuanian purchase orders and invoice system; Getbulb, an Irish data visualisation system; MavenHut, a Romanian game; NotesFirst, an American specialist tablet computed for doctors; Opara, a Brazilian system to improve traceability of food; Outline, an Irish system to mine employees’ emails; and Pombai, a Chinese and American system to buy regional tickets.