Opportunity for seven Irish companies to grow sales, pursue investment and expansion opportunities in America
20 March 2018 Bank of Ireland is delighted to announce that applications are open for startlab NYC, an incubation space that will support Bank of Ireland startup customers seeking to scale their business and enter the US market. The collaborative space launched last year by Bank of Ireland became the first of its kind for an Irish bank outside of Ireland.
startlab NYC will offer seven scalable technology companies the opportunity to have access to a free incubation space in New York City for a 12 month period. Last year Bank of Ireland selected innovative Irish tech startups Deposify, Pulsate, Axonista, BriteBiz, Glofox, LogoGrab and KONG Digital to join startlab NYC. The past 12 months has seen significant growth in the US market for these Irish startups with a host of valuable connections made. Combined, the six businesses held 210 new business meetings and secured 54 new business deals with a value of over €10 million.
In addition to working and meeting space in this central New York location, the selected teams will receive expert mentoring from Bank of Ireland’s dedicated innovation and corporate banking teams in both Ireland and the US to help them develop, grow and scale their business. Bank of Ireland will work closely with the selected teams to help them get on their feet when they arrive, facilitating introductions to venture capitalists, state agencies and relevant intermediaries based in the city.
Francesca McDonagh, CEO, Bank of Ireland said: “At Bank of Ireland we are focused on supporting our customers to thrive and fostering a spirt of entrepreneurship. Having a professional, and highly sought after location to work from, in a city of real growth potential, is an invaluable support for Irish entrepreneurs. Entering a new market can be a daunting experience for any startup. Our team in New York, along with our Enterprise & Innovation Team and Sector specialists in Dublin, will give the seven successful companies all the support they need to scale their business, seek investment and grow Stateside.”
The decision to open startlab NYC was taken in response to demand from Bank of Ireland business customers and represents the next step in the bank’s aim to foster entrepreneurship. The incubator, specifically for scaling startups, is an extension of existing successful Bank of Ireland facilities already available in several locations in Dublin, and in Cork, Limerick and Galway, such as Workbench and startlab.
To apply for startlab NYC please go to f6s.com/startlabnewyork and complete an application before 20th April.