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Propeller 3.0 Huge International Interest

December 29, 2012 2 comments

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By Terence Bowden

Once again DCU Ryan Academy’s, Propeller Venture Accelerator, ranked 7th in Europe, is off to a flying start.  Over 140 companies applied from around the world,  An amazing 47% of them are internationally based including 8 from India and 3 from New York, other countries include Togo (which is always interesting), Nigeria, Israel, New Zealand and Malta but to name a few.  The map below gives a good illustration.

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So far we held over 115 meetings including a lot of Skype calls around the world. Discussing items such as their business model, pricing structure, team development,  lowest hanging fruit and gaining traction with the market.

One of the goals I wanted to achieve this year was to help the general start-up eco system. While space is limited on the accelerator, the decision was taken to invite the mentors to get involved in two ways;

  1. By reviewing the applications and completing feedback forms.
  2. Providing feedback during the company presentations.

We had an amazing number of mentors volunteer to help and I would like to thank them for their time in doing so.  This feedback will be given to the companies in the New Year.

Presently Propeller has been nominated for a Europa award.  Over €3.2 million euro has been raised by the 12 Propeller companies. In addition, during Christmas week alone, over €1 million ($1.32 Million USD) has been secured in funding, a sign of the momentum Propeller is gathering!

Death Buy Fashion Testimonial

October 19, 2012 Leave a comment

Niamh Phelan, CEO, Death Buy Fashion talks about being in the Propeller Venture Accelerator.

Ryan Academy launches third phase of Propeller Venture Accelerator

September 4, 2012 Leave a comment

 Ryan Academy launches third phase of Propeller Venture Accelerator

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)

 

DCU’s Ryan Academy is launching the third phase of its Propeller Venture Accelerator programme for early-stage technology start-ups on Monday 3rd September 2012.  This three-month, award-winning accelerator offers a total package of €45 000 to entrepreneurs with winning ideas:  €30 000 investment, office space, over 80 mentors (technical, specialists and serial entrepreneurs) and a Demo Day pitching session with investors and business angels.

Propeller, voted 7th Best Accelerator in Europe in a study commissioned by the Kauffman Fellows Programme, has adopted and adapted the successful Techstars model for the European market.  It aims to accelerate early-stage technology start-ups with a special focus on software, Web 2.0, informatics, clean-tech and applications.  To date, companies emerging from the Propeller programme now employ 49 personnel and have raised over €1.75 million in investment, with many company-investor discussions still ongoing.

Terence Bowden, Ryan Academy Venture Manager said, “Propeller has a proven track record in helping technology start-ups accelerate to the next phase of their evolution.  We offer to our successful participants a comprehensive package of practical and financial supports and, through our extensive network of contacts in business and enterprise, access to a full suite of mentoring programmes and to further investment possibilities through our Demo Day at the end of the programme.”

Propeller Participant Testimonials

“Winning a place on the inaugural Propeller Venture Accelerator was like being plucked off the bus and placed on the bullet train for our business. We were given access to the most senior Irish business talent and an inside track to the Irish and international investment community”.

Paul Healy, CEO Fantom (online gaming company) and Serial Entrepreneur

“I found the network incredible. The amount of advisors and more importantly investors that I was introduced to was amazing.”John Joyce, CEO & Founder, Seoige Technology (developer of Savvybear.com)

“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 (homecare technology solutions)

The closing date for applications is 22nd October 2012 but applicants are encouraged to apply early and to engage with the Academy. The accelerator starts with the companies moving to Citywest on the 21st January 2013.

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

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

Propeller Demo Day approaches

April 23, 2012 2 comments

Days left until our company founders  pitch to an expected audience of over 100 including investors from Ireland and Europe, the tension is rising, the heat is on, and the coffee machine is working overtime here at the Ryan Academy.

On Friday the 27th of April Demo Day will arrive, the 6 chosen companies Pickturk, Seoige Technologies, Zeto Technology Solutions (previously Slattery Validation Systems), Death Buy Fashion (previously StyleCloud), SwiftQueue and VideoElephant have been through 3 months of acceleration thanks to over 65 mentors, workshops and €30,000 cash investment. In total, a deal worth €45,000 per company.

The companies have been through several workshops including Team Development with Liz Leavy, Search Engine Optimisation with Theo Lynn, Law with Peppe Santoro, Finance with Drew O’Sullivan and International Sales with Bernie Cullinan to mention but a few, a thank you to all the mentors who gave these workshops for free.

One of the most powerful tools the mentors have is there network which they have introduced the companies too; opening doors and introducing them to the right connections helping the founders grow their companies.

“I have been astonished with how quickly I have been able to meet key people that I needed to meet; the willingness of the mentors to open their network and to introduce to me to their close contacts is amazing. John Joyce, CEO, Seoige Technology.

Already from last year’s companies a total of over $1.73 million in investment has been raised and 28 jobs have been created, this is still growing, a truly great accomplishment.

And lastly a special thank you to our Demo Day sponsor Grant Thornton.

Terence Bowden

6 Companies Enter Propeller 2.0

January 27, 2012 Leave a comment

Propeller 2.0 kicks off with the 6 chosen companies moving into the offices this week for 3 months here in Citywest. Time is ticking away and the countdown to the investor day (April 27th) has begun.

“Week one of Propeller has seen everyone hit the ground running, it is great to meet all the teams and see the energy being put into their ideas, now there is a real sense of urgency that we are all here to get on with it and make the right things happen and no obstacles or excuses are in the way”  Brendan Casey SwiftQueue

The companies are;

 

 

Picturk.com enables camera clubs and companies run photography competitions online. The Picturk platform supports the existing network and community of amateur photographers worldwide.

“We’ve solved the operational problems of running photography competitions.  We’ve built an online service for clubs and groups that enables them to easily extend their activities online. We’ve made it really easy for amateur photographers to connect and compete.” – Paul Geraghty, Picturk

www.picturk.com/

 

 

 

 

 

Seoige Technology is a software development company. We specialise in Virtual world games across all platforms. We have created Savvybear.com a computer game that is great fun, ad free, 100% safe with some E-learning benefits for children under 12. The children can take up an Avatar character and dress them up, decorate their house, play games or just explore the world of Savvybear.com.

www.seoigetechnology.com/

 

 

 

 

Slattery Validation Systems design cloud based solutions for industrial and commercial refrigeration systems. Our solutions are designed to make refrigeration systems in supermarkets, factories and warehouses more energy efficient while also providing monitoring, alert and remote diagnostic functionality. Our software as a service business model coupled with our unique hardware result in an affordable, drop in solution for refrigeration systems all over the world.

www.slatteryvalidationsystems.com/

 

 

 

 

 

 

 

Style Cloud is a vibrant community of fashionistas, creating, organising and sharing their latest ‘Looks’ using a free virtual wardrobe in the Style Cloud social network.  Members upload photos of their clothing and mix and match ‘Looks’ in an intuitive interface. Shopping on Style Cloud is driven by a superior recommendation algorithm based on network data and the capability to save items from the shop to the virtual wardrobe offers members a chance to test out new items in their existing wardrobe before making a purchase. We even have an App to allow customers test out clothes they are perusing in the real world in their virtual wardrobe by facilitating convenient uploading from smartphone directly to virtual wardrobe. Tagging unwanted clothing as ‘Swap’ allows members virtually monetise unwanted items and fill in gaps in their wardrobe. All this as well as a popular blog and Street Style section make Style Cloud a great place to spend time and shop.

http://stylecloud.co.uk/

 

 

 

 

‘swiftQueue provides self service appointments for healthcare facilities, anytime & anywhere’

swiftQueue provide a SaaS cloud based solution for Healthcare Facilities e.g. GPs, Dentists, Primary Care Clinics & Hospitals, to make appointments available online allowing patients view and book their next visit. Using Online, Smart Phone, SMS and Call Centre swiftQueue provide access to the real time facility appointment information. This provides convenience to the patient while also providing a 24/7 shop window for healthcare facilities.

www.swiftQueue.com

 

 

 

VideoElephant is an online B2B marketplace in which to buy and sell both long and short-form video content.  VideoElephant enables professional content producers to sell their videos to web publishers, mobile operators, IPTV, VOD and broadcasters.  For buyers, we provide a centralized marketplace to cater for their video content requirements, alleviating the need for lengthy negotiations and contract exchanges.  For producers, we offer both the platform to sell their content online and the tools to market and promote it.

www.videoelephant.com/

Propeller 2.0 ready for takeoff as second year of DCU Ryan Academy’s accelerator startups selected

December 16, 2011 Leave a comment

The DCU Ryan Academy has today announced the 6 companies that have been selected for Propeller 2.0 three month accelerator programme for technology startups.

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, provides each of the chosen companies with a €30,000 seed investment, tailored and targeted mentoring and training, as well as three months incubation with free space and services, in total a package worth €45,000.

The programme was vastly oversubscribed, with a total of 137 applications submitted to the programme from over 20 countries including Ireland, Germany, Finland, USA, Australia, Iran, India, Israel, South Africa, Brazil, Rwanda and China.

The 6 companies selected for Propeller 2.0 are; Slattery Validation Systems, Picturk, Seoige Technology, StyleCloud, SwiftQueue and VideoElephant. All are technology startups, with innovative ideas ranging from increasing energy efficiency in commercial refrigeration systems to enhancing distribution and sales channels for online video content producers.

The chosen companies will enter the Propeller Venture Accelerator offices in 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.

Terence Bowden, Venture Manager of the Programme said, “We are delighted with the huge level of interest shown in the Propeller Venture Accelerator programme 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 and abroad.

The standard of companies applying has been extremely high and we are confident that they have the good ideas and the good people needed to make their business a success.”

Speaking about being offered a place John Joyce, CEO, Seoige Technology “We are delighted to be selected for the DCU Ryan Academy Propeller Venture Accelerator.  One of the main attractions for us is the calibre of the business mentors/partners that are part of the program.

We feel that these people will bring a huge amount to our business and will be key in helping us to make our ideas a reality.”

The ethos of the DCU Ryan Academy is about putting us in front of the right people, whether venture capitalists or angel investors, who will help us in ways that would never have been possible if we were out on our own.”

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 startups are now in the process of closing seed funding deals totalling over €1 million. The companies, who each employed two people when starting the programme, have now created an additional 18 jobs since finishing the programme.