Eleven Irish start up companies will pitch for first round funding at a special “dragons den” style investment event, taking place on Wednesday 30 March 2011. The competition marks the culmination of Enterprise Ireland’s nationwide business development programme for the ICT and life sciences sectors, Propel II.
Each of the 11 companies has completed 10 months of intensive training on the Enterprise Ireland Propel programme, delivered by management consultants PA Consulting, on how to manage a business during the start up phase. The companies have so far received financial support of up to €15,000 from Enterprise Ireland as well as office space, advice and networking support to get their business up and running. They will now have the chance to pitch their businesses for first round funding from some of Ireland’s leading angel investors in a dragons den style event in Dublin and progress their business plans for international growth.
Commenting on the initiative Conor Fahy, regional director of Enterprise Ireland, said: “The investors have volunteered to take part in the event and will be offering real investment opportunities.”
The group to whom the entrepreneurs will be pitching to include Chris Horn of IONA, Brian Caulfield of Esprit, Eoghan Jennings of Park Lane Capital, Ronan Farren of Business Partner, John Phelan of Dublin BIC and Andre Fernon of Solarprint.
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