Minister of State for Financial Services, Eoghan Murphy yesterday officiated at a closing event which celebrated the completion of a three month development and mentoring programme by 10 new Irish Fintech companies at Dogpatch Labs in the chq building, IFSC, Dublin.
The ten companies were each awarded €50,000 in equity support earlier this year through Enterprise Ireland’s Competitive Start Fund, as part of the IFS2020 strategy. Applications were open to early stage companies providing technology driven solutions within the financial services sector.
The ten successful applicants received membership to Dogpatch Labs, in partnership with Ulster Bank and access to the Ulster Bank Innovation Solutions team.
As part of the programme, the ten companies also participated in a series of masterclasses provided by industry experts from the Fintech and Payments Association of Ireland (FPAI) and led by Ulster Bank and Citi on topics which included compliance, sales, partnering and fund raising.
Speaking at yesterday’s event, Minister Murphy said, "I congratulate the companies here today on completing the development programme. Strengthening our indigenous Fintech sector as a source of high-value job creation is a key objective of the Government’s IFS 2020 Strategy. This programme’s mentoring and sponsorship model demonstrates how we can effectively harness industry scale and expertise while nurturing mutually beneficial links with our innovative start-up community."
The successful companies who completed the three month development programme included:
id-Pal
WeSavvy
CyberRiskAware
AssureHedge
MartelloLowCarbonSolutions
Ciaran McGuckian
UCompare
Tucr
Inship
Source: www.businessworld.ie