Entrepreneurs Target EI Programme Follow-On Investment

Thirteen entrepreneurs who started the Enterprise Ireland New Frontiers programme, Ireland’s national entrepreneur development programme, at the Synergy Innovation Centre in IT Tallaght last May are now targeting a total of over €4 million in follow-on investment. They are also targeting an additional 50 jobs.

The new jobs are expected over the next 12-18 months, with more in the pipeline over the next 2-3 years. The 13 businesses address significant problems and opportunities in a broad range of sectors, from software to electronics, life sciences and food & beverages. For some of the entrepreneurs, the fundraising has already kicked off with nearly €700,000 brought in to date.

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.”

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Pictured above are: Tom Rooney, Synergy Centre Manager; Andrew Farrell, Block Angel, Oisin Lennon, Danu Sport; and David McDonnell, New Frontiers Programme Manager