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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.

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Vendorshop help Non-Profits, Charities Raise Money from Facebook….for Free!

March 4, 2011 1 comment

Vendorshop, one of the companies on the Propeller Venture Accelerator, can give charities and non-profits a potential way to raise money through their Facebook pages. VendorShop enables businesses to sell products on Facebook via their social shopping cart application and charities and non-profits to raise money in the same way. VendorShop is free to install and takes just minutes to set-up. It currently powers 15,000 stores worldwide. Here is a video giving an idea how it works.

World Vision Ireland received their first donation within hours of installing the Vendorshop technology, which really is an easy system to employ for those non-profits that lack a technical support.

This is a great way to convert ‘friends’ and ‘likes’ on Facebook into real hard cash at a time when funding is an issue for all social purpose organisations. Go try it or if you know non-profits who need to raise cash from supporters, let them know.

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

Vendorshop Aims to Help Companies Make Money from Facebook

January 25, 2011 1 comment

So you have a Facebook presence, as a company, and people like you. Great. So how do you make money from that? Of course, Facebook allows people to pass on ‘likes’ to their friends via the system, and invitations to events but getting people to part with their money is another story.

Enter Irish startup VendorShop: VendorShop enables a business to sell on Facebook via a ‘social’ shop, and by using a freemium model, the initial (simple) download is free. It is only with the bells and whistles that you start paying, which is ideal for individual traders and smaller SME’s. The startup company already has 10,000 customers using their system worldwide, and they are adding impressive numbers each day.

Their system includes:

– Add a shop to your business page in minutes.
– No need for shoppers to install application.
– Unlimited products, categories and attributes.
– Sale pricing for products.
– Payment via PayPal
We are very impressed with VendorShop, particularly as monitising Facebook (and other social media) will be the next great step for Web 2.0 and Web 3.0. It also shows that innovation is alive and well in Ireland, even if we don’t get as much publicity as those State-wide.