Boost for entrepreneurs with €10m Dell fund
Published 25/01/2014 | 02:30
DELL has launched a new €10m fund for Irish entrepreneurs.
The funding will go towards the technology needs of start-ups. It will be provided alongside mentoring and technical expertise.
"We're looking to attract start-up businesses with a technology focus," said Aongus Hegarty, president of Dell EMEA (Europe, Middle East and Africa).
"Through the programme we'll hopefully be able to help them fast-track their route to the market place. Ireland has large numbers of entrepreneurs; we hope that through our investment in this programme we can act as a catalyst to growth for these companies," he said.
The programme will be overseen by an Entrepreneur Advisory Council, comprised of business founders and Dell professionals, including Dell Ireland managing director Liam Halpin and Edel Flynn, chief executive of Dublin start-up incubation centre The Digital Hub.
Later this year, Dell will also offer three early stage businesses the opportunity to become its resident start-ups.
The three winning organisations will receive free office space for a year at one of Dell's campuses in Dublin, Limerick or Cork and a range of business-ready solutions including notebook computers, servers and storage.
They will also be provided with mentorship, advice and access to Dell's professional networks and events.
The company launched a similar programme in the US in 2011.
"Today's announcement is a great commitment by Dell to Ireland's start-up community," said Jobs Minister Richard Bruton.