Entrepreneurs target €2m investment and 20 new jobs at Synergy Innovation Centre, IT Tallaght

Thirteen innovative entrepreneurs have completed the Enterprise Ireland New Frontiers programme at Synergy Innovation Centre in IT Tallaght and are now targeting a total of over €2m in follow-on investment, with over €200,000 already raises and a further €300,000 in prospect.

Please see table below for the full list of emerging start-ups.

At a Synergy Showcase event in IT Tallaght, Verivoo, an online hospitality review platform, scooped the InvestStar award sponsored by Philip Lee Solicitors who will also provide legal services to the value of €10,000 for investment funding activities. www.verivoo.com

PhysioLinked, an online booking & practice management platform for physiotherapists and patients, won the AIB Supporting Startups Award and €2,500 including cash and funding for space at the Synergy Innovation Centre. www.physiolinked.com

Specific product and service areas include Software as a Service (SaaS) for B2B & B2C markets, accommodation rental and hospitality review verification, market analysis for SMEs, messaging apps, professional services management, sports and event management, music learning platform, grooming products and spirits.

For some, the fundraising has already kicked off with nearly €200,000 brought in to date and a further €300,000 under negotiation. The companies collectively are targeting over €2m in investment and they plan initially to create up to 20 new jobs over the next 12-18 months, with more in the pipeline over the next 2-3 years.

Thomas Stone, President of Institute of Technology, Tallaght said, “ITT and Synergy Centre are strengthening our position as the leading hub for knowledge-intensive innovation in South County Dublin. Enterprise Ireland’s New Frontiers programme has been a fantastic support for our participating companies where we aim to continue expanding our programmes. This includes plans to increase the numbers of contracts we have with industry for our research facilities and technology solutions, while also growing the engagement of our undergraduates and postgraduates in entrepreneurship development programmes.

“New Frontiers participants also benefit from interaction with our extended Synergy start-up community on the ITT Campus and in our Synergy Global Centre in Citywest. This includes 34 start-ups who are further along in their business development and fundraising journey and who share their experiences with our most recent arrivals in what is a very vibrant Incubation and Research networking environment.”

Eoghan Doyle, partner at Philip Lee said, “As a member of the judging panel for the Philip Lee InvestStart Award, I see first-hand the level of commitment and work that is invested by these budding entrepreneurs. ITT and the Synergy Centre must be commended for creating such a supportive and encouraging environment for them to develop their businesses. On a personal note, I love getting out of the office and spending time at the Synergy Centre to feel immersed in this hub of innovation, entrepreneurship and creativity.”

New Frontiers – emerging companies at Synergy Innovation Centre, Phase 2, May-Nov 2016.

www.synergycentre.ie

www.newfrontiers.ie