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Posts Tagged ‘Fantom’

Fantom launch new Facebook app

September 28, 2012 Leave a comment

Irish digital media firm and also an Alumni DCU Ryan Academy Propeller Venture Accelerator company, Fantom, has fired a salvo into the US Presidential Campaign with the launch of a new facebook app that pits Barack Obama against Mitt Romney in the form of digital sticker-books. Supporters and political junkies can collect and trade stickers of the candidates, the campaign trail, campaign staff, and policies in the new facebook app.  An infograph (http://election.fantom.tv), charts the popularity of each candidate, tracking the number of books collected and completed and the number of successful trades made by each side.

Can a stickerbook predict the result of the election? “Paul the Octopus did a good job with World Cup results,” claims Fantom CEO Paul Healy, “and this is even more scientific.”

The Fantom swingometer may be just for fun but the serious message behind the digital sticker books is youth engagement in politics. Politicians struggle to engage with young people.  Healy intends the Fantom facebook game to engage younger Americans in the candidates’ issues and policies, in a fun way.  “That’s not to discount the fact that we are looking forward to the competitive nature of the Obama and Romney Fantom users!’ The real US election takes place on November 6th, but Fantom users can cast their vote by playing at http://election.fantom.tv.

Paul Healy, CEO of Fantom talks about his experience while on the Propeller Venture Accelerator

September 19, 2012 Leave a comment

Propeller Venture Accelerator, Application process opens 3rd September

August 21, 2012 Leave a comment

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Once again the application process will open for Propeller Venture Accelerator which is Europe’s 7th Best Accelerator. The date will be the 3rd September.  So what is the deal;

YOU GET

  • €30,000 Euro investment (approx $37,000 USD)
  • Investor Day (previously investors came from Ireland, England, Italy & the USA)
  • Free Office Space (3 months during & 1 month after)
  • Mentorship (over 80 mentors that can guide, advice and open doors)
  • Introductions to potential clients, partners and investors
  • In total a deal worth €45,000 Euro (approx $55,500 USD) investment & services

WE GET

  • 7.5% equity stake, valuing your company at €600,000 Euro ($740,000 USD)

“The Propeller Venture Accelerator has been a great experience one that has truly accelerated our company by at least 2 years if not more in only 3 months. With easy access to a number of experienced mentors we were able to achieve results so much faster.”

Tom  Byrne, CEO & Founder, HealthComms

“A good Accelerator propels a company to a different place. Sound business advice, alternative perspectives and the very welcome injection of cash allows the founders the space to imagine what their business could be, rather than how do they keep their idea alive until tomorrow.

Propeller did this for us. You go into the process focused on the money, too many dark days staring at unpaid bills makes you hungry, but the nurturing takes the lean look off you! An external eye on your product and your business plan gives a much needed reality check; a network of business contacts who are committed to help gives you a real trading start; and practical things like office space, professional advice and the insight of other founders like you help you believe you can make it. And that belief is the difference between success and failure. I would undoubtedly commend an accelerator program to any start-up business and Propeller is one of the best”.

Paul Healy, CEO & Founder, Fantom & Serial Entrepreneur

For more information visit our website http://ryanacademy.ie/propeller-venture-accelerator

Growth in Technology Start-ups Continues as Applications Double for DCU Ryan Academy Propeller Venture Accelerator Programme

November 3, 2011 Leave a comment

The second year of the DCU Ryan Academy’s Propeller Venture Accelerator Programme for technology start-ups has been vastly oversubscribed, with applications outstripping places available by almost 95 per cent.  Applications to the Fund, which provides capital investment and a three month intensive mentoring programme for entrepreneurs, were received from over 20 countries including Ireland, Germany, Finland, USA, Australia, Iran, India, Israel, South Africa, Brazil, Rwanda and China. The interest shown is a clear indication that Ireland is seen as a hub for entrepreneurship and innovation both at home and abroad.

The Propeller Venture Accelerator Programme, which has been ranked 7th best in Europe in an independent study of accelerator programmes commissioned by the Kauffman Fellows Program, was established in 2010 with the aim of fast-tracking early stage Irish and international technology start-up companies in Dublin.  Each of the chosen companies receives €30,000 seed fund injection, tailored and targeted mentoring and training, as well as three months incubation with free space and services.

The chosen companies will enter the Propeller Venture Accelerator offices on 2 January 2012, and will be met by over 60 mentors whose invaluable experience will be used to advise and lead these companies on a path of success.

While recruitment of mentors continues, many well-known businesspeople are already involved, including Frank Hannigan – Chairman – Goshido, John Canacott – Serial Entrepreneur, Maurice Mason – Partner Irelandia Aviation and Liam Mullaney – Managing Director Sage. At the end of the three month programme, each company will pitch their business and products to potential investors from around the globe at a special ‘Demo Day’.

Terence Bowden, Venture Manager of the Programme said, “We are delighted with the huge level of interest shown from Ireland and all over the world because it highlights just how much this programme has to offer start-up companies and it’s a clear sign of the appetite for entrepreneurism and innovation in Ireland’.

Our aim here at the DCU Ryan Academy is to find good people with good ideas, and give them all the tools and support they need to take their ideas to market. Ireland is awash with entrepreneurs and we seek to help nurture and foster innovation.’

The first year of the programme, which finished in April 2011, brought huge success for the six companies that took part. Operating in technology areas ranging from mobile applications to clean tech, online gaming, health informatics and internet applications, the start-ups are now in the process of closing seed funding deals totally over €1 million. The companies, who include Associate Mobile, Fantom, GreenEgg Technologies, Healthcomms, Simple Lifeforms and VendorShopSocial, each employed two people when starting the programme, have now created an additional 18 jobs since finishing the programme.

Speaking about his experience, Tom Byrne, CEO and Founder of HealthComms said, The Propeller Venture Accelerator has been a great experience and one that has truly accelerated our company by at least 2 years, if not more, in just 3 months. With easy access to a number of experienced mentors we were able to achieve results so much faster than if we had been on our own.”

After Demo Day? More of the same…

A journalist from a reputable newspaper called me today to talk about Demo Day, which happened (in a blur) last Friday. He seemed to surprised that the startups were back at the same workload that they had been on before the event last week. Yes, they took a bit of break over the weekend (the first in many months) but I walked through the Propeller Collaboration space this morning, and behold the companies were working away on product.

Yes, there is no doubt there are deals going on in the background, after all that was the whole idea of getting 70+ investors in that room on Friday, but venture funding does not a successful company make. This is the tricky bit, where doing a deal with a syndicate or venture fund becomes almost a distraction to the companies, as they strive to bring their vision to the world.

Of course some are under a little less pressure. Associate Mobile agreed terms for an initial 200K last week before the event, and are just dotting the ‘i’s now, but they are already thinking about their next funding move. And the corporates they are being courted by. And the telecoms players that are in contact. Heady days for a startup.

The Fantom team outside the Ryan Academy on Demo Day

In my introduction to the event last week, I told the audience that we need to believe that Ireland can produce the next generation of technology companies. This is true across Europe. It is fitting to say that on the day that is looks like one of the few really successful Web 2.0 companies to have come out of Europe, Skype, is being sold on again, this time to Microsoft (for what seems to be a very high price, but we will see).

The founders of Vendorshop being interviewed by RTE television

It was great to see the enthusiasm (and in some cases shock) of the investors on Friday. Wow, these companies did actually ‘accelerate’ a lot in three months?!?! Yes, it did what it said on the tin. As the founder of Fantom said recently in a radio interview about the acceleration process “it is like getting off the bus, and getting on the bullet train.” Indeed.

The heart and soul of a successful accelerator are, on the one hand, a good group of founders: who can build teams, who are working to work their @ss off, and who will take advice when it is given to them, no matter what their own experience and background. On the other hand, you need a core group of mentors with the right experience who are willing to row in and support the founders the best they can.

We were perhaps lucky with the first cohort, we got both in spades. Here’s hoping that the next group later in the year will show the same level of grit and determination to make it happen.

Six Startups Pitch at Propeller Accelerator Demo Day in Dublin

May 6, 2011 1 comment

Propeller Startups to Fly High at Investor Event in Dublin

Ryan Academy for Entrepreneurship ‘Propeller’ Accelerator first Demo/Investor Day will see Six Technology Startups Pitch for Funding

The Propeller Venture Accelerator, part of the DCU Ryan Academy for Entrepreneurship, has its first Demo/Investor Day in Citywest on the 6th of May. Over seventy investors, from Ireland, the US, the UK and Italy are due to see pitches from the six technology companies on the mentor-led incubation programme. Grant Thornton have been confirmed as sponsors of the Demo Day.

These startups, five from Ireland and one from the UK, cover key technologies such as mobile applications, cleantech, online gaming, health informatics, and internet applications. The Propeller Venture Accelerator was established in 2010 with the funding of €1 million from Irelandia Investments. The aim is to accelerate early stage technology startup companies, both Irish and international, in Dublin. The Propeller Accelerator has taken the successful US accelerator model and adapted it to the Irish context.

The Propeller Accelerator is funded by Irelandia Investments and Declan Ryan (Ryanair), a leading global investor and developer of low cost airlines, who have invested in a number of Low Cost Carriers (LCC’s) since 2004 including the recent announcement of a new airline in Columbia called Viva Columbia.

Over forty high corporate mentors from a range of high technology companies as well as serial entrepreneurs have been working with the Propeller companies over the last three months.

“The two key parts of Propeller worked in perfect harmony together,” said Gordon McConnell, Deputy-CEO of the Ryan Academy and Director of the Propeller Venture Accelerator. “A fantastic group of founders and the teams they have been building, and a small army of mentors, both serial entrepreneurs and senior corporate figures.”

“Bringing together both national and international funders at events like these are vital to Ireland’s progression towards a true Smart Economy” he added.

The six technology companies that are presenting are:

Associate Mobile:

associate mobile is improving lives through mobility.  Through their persistent locationing analytics technology (PLAT) they develop easy to use platforms that weave into people’s everyday lives both professional and personal. www.associatemobile.com

Fantom:

Fantom takes the energy of the schoolyard trading cards game into a new social media dimension, with an added twist of a virtual and actual rewards system. It promises to be next big obsession for tweens, teens and young adults. www.fantom.ie

GreenEgg Technologies:

GreenEgg Technologies are a cleantech product development company.  They have developed a customer engagement platform for Energy Providers, which allows them to reach out to and engage with their customers as well as enabling their customers to connect with their Smart Home. www.greenegg.ie

Healthcomms

Healthcomms, who specialise in ‘In Home’ care communications, have developed a groundbreaking product to make it even easier for the older person at home to maintain communication with their Social care network. Their simple-to-use image based software product, called MyHomeReach, allows two- way visual communication between the elderly, their career, family or medical personnel with nothing more than a touch. MyHomeReach can be used by families or home care professionals and provides additional functions such as inbuilt calendar medication reminders and tracking of care with sign-in and sign- out capability. www.healthcomms.com

Simple LifeForms:

We allow people in real-world locations to play games. M Simple Lifeforms develop game content that make location pages on Facebook, smart phones and the Internet playable, engaging and rewarding and takes this content into the real-world. This unique combination of game and location content within the real-world has the potential to change the way people play games forever whilst creating a highly profitable and sustainable business supporting users who desire this new experience. www.simplelifeforms.com

Vendorshop:

VendorShop provides the tools a business needs to make social e-commerce happen. Our Facebook shopping cart enables a business to open a store on Facebook and our social e-commerce tool’s to leverage it’s viral nature to

attract more customers, lower acquisition costs and increase sales.  We are live on Facebook, have thousands of stores and 75,000 monthly active Facebook users. www.vendorshopsocial.com

The Propeller Accelerator was announced as a charter member of the Techstars Network earlier in the year, as well as having agreed partnerships with the Halo Business Angel Network (HBAN) and the Irish Technology Leadership Group (ITLG).

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 and Deloitte. 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.

Propeller Accelerator Announces First Batch of Six Funded Companies

February 24, 2011 Leave a comment

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

Founders of HealthComms

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.

www.facebookvendor.com

“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.mcconnell@dcu.ie