Monday 22 January 2018

Dublin Chamber of Commerce backs €20,000 startup fund

Martin Murphy, outgoin President Dublin Chamber, Greg Clarke, newly-elected President of Dublin Chamber of Commerce and Mark Roden, CEO ding.com
Martin Murphy, outgoin President Dublin Chamber, Greg Clarke, newly-elected President of Dublin Chamber of Commerce and Mark Roden, CEO ding.com
Gavin McLoughlin

Gavin McLoughlin

A new €20,000 business community fund has been launched by Dublin commissioner for startups Niamh Bushnell.

The money comes from private organisations including Dublin Chamber of Commerce and Bank of Ireland, and the fund will give grants of up to €500 to organisations looking to promote startup events.

"Established companies and business people have a responsibility to help our burgeoning companies and entrepreneurs to establish themselves, grow and create jobs," Dublin Chamber president Greg Clarke said in a speech at the chamber's annual dinner last night.

"It is encouraging to see such spirit being shown by private firms in their support of the new startup community fund," Mr Clarke said.

"The amounts available to community-focused entrepreneurial organisations under the community fund may seem small, but the funding will go a long way to amplifying the dialogue around entrepreneurship and innovation in the Dublin region," he added.

Bank of Ireland director of customer, insurance and investment businesses Mick Sweeney said the bank's target is to inject €33bn in new lending into the economy between 2013 and 2017.

"We continuously look at new ways to support SMEs and startups," Mr Sweeney said.

Ding founder Mark Roden said that with the right ambition and determination, it's possible to build a Dublin-headquartered team that will succeed in international markets.

Irish Independent

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