Sunday 11 December 2016

Web Summit wars: Here's how some of the Failte Ireland, IDA and Enterprise Ireland €871,000 fees break down

Published 16/10/2015 | 10:28

Enda Kenny rang the Nasdaq bell from the Web Summit in Dublin
Enda Kenny rang the Nasdaq bell from the Web Summit in Dublin
Hollywood actress Eva Longoria was also a guest on the show

As the war of words between the Web Summit and the Government escalates ahead of the event leaving these shores for Lisbon in 2016, here's how some of the €871,000 fees/sponsorship from Government agencies break down.

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Failte Ireland

2014: hosting media organisations for the Web Summit, flights and accommodation included: €13,715.68

2013: Lighting of Trinity College during Web Summit: €48,985 ex VAT

2013:  Pre-promotion media event for International media – flights, accommodation, etc:  €4,065

IDA Ireland sponsorship

2012: €80,000 ex VAT

2013: €140,000 ex VAT

2014: €100,000 ex VAT

"Our networking event in the National Museum (2014) which had over 200 clients and potential investors present. We also had a press announcement with national and international media in the building to coincide with the event.”

(The following figures are ex VAT)

Client breakfasts for three days of 2014 event: €4,785

VIP client event, museum hire: €2,000

Exhibition stands at Web Summit: €3,000

Enterprise Ireland - participation fees and other related costs

2014: €265,000,

2013, €175,000

2012:  €144,000

Other costs including travel and accommodation for overseas buyers, investors and media were  €88,430 in 2014.

The figures are from a Freedom of Information request submitted to Government agencies earlier this year by Damien Muley, technology consultant from Cork-based Mulley Communications, who also organises the Web Awards and Social Media Awards here.

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