StartupBus, a high-profile US-based business incubator, is establishing its European HQ in Ireland, the Irish Independent has learned.
Founded in 2010 by Elias Bizannes, StartupBus operates in North America, Europe, Latin America, Africa, India and Australia. Its favoured approach involves filling a travelling bus with carefully-selected budding entrepreneurs for a 72-hour 'hackathon', during which time the teams on board aim to launch a start-up business.
"StartupBus organises the most intense start-up hackathon in the world, where top entrepreneurs from around Europe compete to build the next generation of technology companies over the course of a three-day bus ride," according to the website.
Mr Bizannes confirmed that StartupBus has decided to base its EMEA operation in Ireland, but declined to divulge any additional information at this stage. He's travelling to Ireland next week as he works to establish the base here.
Last year, StartupBus organised trips from European cities including London, Berlin and Paris to an event called the Pioneers' Festival in Vienna.
The winner of last year's European StartupBus competition was a mood-tracking mobile app designed to help people tackle depression.
The fourth StartupBus trip in Europe will take place in October. In the United States, StartupBus has run buses across the country and drawn significant media attention.
It is also launching its first StartupBus in Australia this August.