Thursday 14 December 2017

Deal creates Dublin home for Texan start-ups

Taoiseach Enda Kenny
Taoiseach Enda Kenny
Sarah McCabe

Sarah McCabe

A new Dublin start-up hub has signed a deal with a Texan counterpart to help funnel US entrepreneurs into Ireland.

The partnership between Dublin's Gravity and Texan start-up hub Capital Factory should create an Austin- Dublin pipeline for entrepreneurship and new businesses.

Gravity will serve as an entry-point facility for the US start-ups who work with Capital Factory who want to expand into Ireland and the EU via Dublin.

In the US, Capital will provide similar entry-point facilities and mentorship for Irish software companies who want to enter the US via Austin, Texas.

Start-up founders and executives from either side of the Atlantic will be able to use either facility when travelling between Ireland and the US.

Gravity and Capital Factory also intend to build links between the technology and creative sectors in both Austin and Dublin and promote each other as good places to do business.

The deal was signed at Texan creative festival South by Southwest (SWSX), where Taoiseach Enda Kenny was a keynote speaker.

Gravity was co-founded by Edel Flynn, the former chief executive of the Digital Hub start-up accelerator.

Sunday Indo Business

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