SOS Ventures, the investment company led by Dragons' Den star Sean O'Sullivan, has helped bring a ground-breaking Iranian start-up technology company to Ireland.
Called Aylien.com, it is a specialist web semantic company founded by Parsa Ghaffari which helps users access, create and share information better.
The firm plans to be based in Cork and has a target of hiring up to 30 people. Bill Liao, European venture partner with SOS, said: "This is a perfect example of Ireland opening up. Here are three guys coming to Ireland who will create 10 times as many jobs." O'Sullivan, who made his fortune investing in Netflix, Apple and other firms, has become a director of Aylien.
Liao also said that SOS planned to run a 50-day programme for start-ups in Cork called SELR8R designed to help them develop sales skills.
SELR8R has 10 companies lined up to participate in its first programme in February, which is being run in conjunction with call centre Intercall. It plans to run a second series of sales skills training in the autumn. Entrepreneurs Dylan Collins, Brian Caulfield, Mark Little and Bobby Kerr are among the mentors.