Friday 19 December 2014

Nine start-ups get cash boost and access to tech giants

Published 29/08/2014 | 02:30

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Wayra start-ups raise over ¬7.5 million in funding to date as new round of entrants announced
Picture shows from left, latest Wayra entrants Vinnie Quinn;Aoife McDonnell; and Marco Herbst of Wayra, one of Irelands leading digital start-up accelerators, has announced that it has selected another 9 start-up companies for business acceleration and investment in September. The start-ups were chosen from a shortlist of 15 projects by an independent judging panel following a day of competitive pitches and mentoring. Since its launch 2 years ago, Wayra has accelerated 21 companies that, to date, have raised over ¬7.5m million in funding for their businesses.Pic:Naoise Culhane-no repro fee
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Diarmuid ONeill
Pic:Naoise Culhane-no repro fee
Wayra entrants Vinnie Quinn;Aoife McDonnell; and Marco Herbst of

Nine Irish start-ups have been chosen to participate in a fast-track scheme that will see each gain €40,000 and special relationships with firms such as Google, Microsoft and Amazon.

The start-ups include a firm that develops technology to turn photos into business information and a new Irish Bitcoin company.

It also includes Restored Hearing, a start-up that has developed technology to reduce tinnitus.

Set up by O2's parent company Telefonica, the Wayra accelerator fund claims to have processed 21 companies which have collectively raised €7.5m in funding in two years.

In addition to €40,000 and space at the accelerator's Silicon Docks office complex, start-ups will receive consulting expertise from a range of business and technology experts.

Irish Independent

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