Dell launches new €10m fund for Irish entrepreneurs
Published 24/01/2014 | 11:04
DELL has launched a new €10m fund for Irish entrepreneurs.
The funding will finance 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. 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 and help them to scale and go global at a pace that wouldn’t otherwise be possible” said Aongus Hegarty, president of Dell EMEA.
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 fering 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 and 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. “We have amazing entrepreneurs in Ireland – we just don’t have enough of them. Two thirds of all new jobs are created by start-up businesses – that is why we have put in place a range of measures to create the environment where more entrepreneurs will take the risk”.