DCU Ryan Academy for Entrepreneurship ‘Propeller’ Accelerator outlines the first cohort of six companies on its Techstars Network member programme
The Propeller Accelerator, part of the DCU Ryan Academy for Entrepreneurship, has released details of the first group of companies funded and supported under its mentor-led programme. These startups, five from Ireland and one from the UK, cover key technologies such as mobile applications, cleantech, online gaming, informatics, Facebook e-commerce and social media.
This first group of six companies has already begun their 3 months intensive programme of mentor-led acceleration that culminates in the Propeller Demo Day on the 6th of May, when the startups present to a group of investors. The first group of companies are:
Associate Mobile: Associate Mobile is developing cloud-based mobile platforms for enterprise and consumer markets. MobileMinder – a parental supervision platform for mobiles is the company’s first commercial output. www.associatemobile.com/mobileminder/
Fantom: Fantom’s goal is to be the premier provider of social media software for fan-based websites. It currently operates in social media for politics and hopes to use the Propeller opportunity to pivot into other domains. www.icitizen.ie
GreenEgg Technologies: GreenEgg Technologies are a research and development company focused on technological solutions for the clean technology and environmental sectors. They develop innovative eco-friendly products for a range of applications and their research focuses on the development of products that enable the smart and efficient operation of technology. www.greenegg.ie
HealthComms: HealthComms aims to become a leading specialist in providing health and security solutions to the Equine Industry. They have developed Equinewatch, which provides continuous monitoring of location and telemetry of animals. Their highly visual based systems provide a means for alerting owners when unusual events such as isolation, agitation or temperature variation occur. http://equinewatch.com
Simple LifeForms: Simple LifeForms: Simple Lifeforms is an online games development, publishing and consultancy firm. They develop games for the world’s most dynamic game platforms such as Facebook, iPhone and iPad. www.simplelifeforms.com
Vendorshop: VendorShop enables businesses to sell products on Facebook via their social shopping cart application. VendorShop is free to install and takes just minutes to set-up. It currently powers 15,000 stores worldwide.
“We had over seventy applications from across Ireland, the UK and Europe and even included the US and Brazil” said Gordon McConnell, Director of the Propeller Accelerator and Deputy-CEO of the Ryan Academy. “We are delighted to have such an exciting group of startup companies working in the Propeller Space, and a group of over 40 mentors to work with them over the next three months.”
The Propeller Accelerator was recently announced as a charter member of the Techstars Network, which was announced in the White House. It has also agreed partnerships with the Halo Business Angel Network (HBAN) and the Irish Technology Leadership Group (ITLG) in recent weeks.
A number of Irish-based companies have also signed-up to support the Propeller Accelerator programme including software company Sage Ireland, legal company Arthur Cox, marketing and sales company Publicis D and legal intellectual property company Tomkins IP. National Irish organisations such as the Irish Small and Medium Enterprises (ISME) organisation and State agency Enterprise Ireland are also partners. Propeller is also linked to the Venture Catalyst at Arizona State University.
For further information please contact: Gordon McConnell at Gordon.email@example.com
Dublin City University’s Ryan Academy for Entrepreneurship in Dublin has agreed a deal with Arizona State University’s Venture Catalyst to offer First Destination access for Irish startups into the United States. Startups who will be undergoing development in the Propeller Venture Accelerator in Ireland from February 2011 will be able to establish a presence in the US market through the ASU SkySong facility in Scottsdale Arizona. Arizona State University is the largest University in the US and a leading US Entrepreneurial University.
“Developing the best venture accelerator for startups is our aim, and the new relationship with ASU’s Venture Catalyst and fantastic SkySong facility is part of the global angle we are taking. At the same time the relationship with an Irish grassroots organisation like Techludd shows the balance between global and local” said Gordon McConnell, Deputy-CEO of the Ryan Academy.
The Venture Catalyst is the next step in Arizona State University’s (ASU) evolution of helping ventures find critical resources to succeed. ASU sits at the center of Arizona’s innovation ecosystem with vast resources, talented faculty and students, and a commitment to accelerating global innovation. With access to the largest market in the world and only 90 minutes from Silicon Valley, with over 170 flights daily, Arizona offers Irish startups a great ‘first landing’ location to operate, with a good climate, low taxes and lower operating costs than California. SkySong already has a variety of established ventures from Ireland, Mexico, Singapore, Brazil, Turkey, India, Germany and a growing list of places from around the globe.
“In ASU we understand the need to have an entry point into a larger market” said Julia Rosen, Associate Vice President in Arizona State University “this partnership will not only help the next generation of Irish companies get access to doing business in the US but will also help startups in Arizona to get access to the important European markets through Dublin through our relationship with the Ryan Academy.”
Dublin already has an impressive list of major companies with major operations located there, including IBM, Microsoft, Facebook, Citigroup, Google and Amazon.
In the Irish market Propeller has also announced a partnership with Techludd, an Irish based technology media organisation that supports Irish startups through a series of regular open demo events around the Island and a popular blog covering European startups from an Irish perspective. It’s regular event series has partnered with Microsoft, Digiweb, TechCrunch Europe and a host of other local organisations.
A number of Irish-based companies have already signed-up to support the Propeller Accelerator programme including software company Sage Ireland, legal company Arthur Cox, marketing and sales company Publicis D and legal intellectual property company Tomkins IP. National Irish organisations such as the Irish Small and Medium Enterprises (ISME) organisation and State agency Enterprise Ireland are also partners.
“We have very much adapted the seed accelerator model to leverage the strengths of the Dublin region, so you will see a greater emphasis on senior executives as mentors on our programme, compared to similar programmes in the US like Techstars” commented McConnell.