Wednesday 17 January 2018

CorkHi| Lo

Cork Independent

Business & Professional

Applications open for County Council’s international start-up comp

Wednesday, 29th November, 2017 5:25pm

It has been described as "unique", "ground-breaking" and a "once in a lifetime opportunity".

This week applications opened for Cork County Council’s new international start-up accelerator competition, Bridge to MassChallenge Cork.

20 ambitious start-ups in the life sciences, medical technology or digital health sector will be picked to be part of a very special programme, launched this week at Cork County Hall.

The Bridge to MassChallenge Cork was launched by Deputy Mayor, Cllr Ian Doyle and Chief Executive of Cork County Council, Tim Lucey on Monday. They met with the Bridge to MassChallenge Cork Expert Advisory Group before hosting the launch event with stakeholders and Cork businesses who support the initiative.

The programme is now officially open for applications. Bridge to MassChallenge Cork is set to connect ambitious, early stage entrepreneurs across Ireland to a global network and facilitate the creation of high-quality jobs through a series of mentoring events and bootcamps, including an all-expenses paid bootcamp in Boston.

Bridge to MassChallenge is a global non-profit no equity start-up accelerator competition, which, to date, has accelerated 1,211 start-ups worldwide - raising $2 billion in funding, generating €900 million in revenue, and creating over 65,000 direct and indirect jobs in several locations across the world, including Boston, Massachusetts (US), Mexico City (Mexico), Lausanne (Switzerland), London (United Kingdom), Jerusalem (Middle East) and more recently Austin, Texas (US).

Entrepreneurs across Ireland could be chosen for the unique opportunity to receive mentoring from and exposure to international sector specific experts and connection to a global market.

The international start-up competition identifies and accelerates the top start-ups in the region and connects those start-ups to the global market through MassChallenge’s global network.

All twenty successful applicants will benefit from significant international mentoring and networking opportunities. MassChallenge has a track record of collaborating with more than 100 of the world’s most innovative organisations including Pfizer, GE and Microsoft to scale ambitious start-ups.

Applications will be evaluated by a panel of MassChallenge experts who will select twenty ambitious start-ups in the life sciences, medical technology and/or digital health sector. These start-ups should have plans to scale up and connect internationally and will be offered the opportunity to participate in a week-long Cork boot camp commencing in February 2018.

This boot camp will conclude with an intensive competition to determine the top ten start-ups to emerge from the Cork boot camp, as selected by this process. These ten will then advance to a one-week all expenses paid intensive boot camp in Boston, in April 2018. From this, the top two companies will be selected to go forward to second round judging for one of MassChallenge’s international accelerators.

Mentor for Bridge to MassChallenge Cork Paul Sturrock of Slingshot Venture offered some advice to interested entrepreneurs. "Entrepreneurs across Ireland need to apply now. This is a unique and once in a lifetime opportunity, one that many of us wish we had when we were starting out in the industry.

"Dedicate time and effort to your application. Show us your drive and your passion as well as your knowledge. Most of all, be sure to apply. You lose nothing by trying but you could lose out on a huge opportunity by not applying," he said.

Tim Lucey, Chief Executive, Cork County Council said at the event: "We are delighted to have opened applications for Bridge to MassChallenge Cork. It is clear from the number of supporting business, from Cork and the rest of Ireland, here today that there is a huge network of business right here in Ireland which is ready and willing to help ambitious, early-stage entrepreneurs in the life sciences, medical technology and digital health sector.

"This is only a fraction of what is to come for the top twenty start-up companies, who will be seriously impressed by the dedication of their mentors and the depth of knowledge to be given at bootcamp. This partnership with MassChallenge is founded on the Council’s mission to strengthen our regional innovation ecosystem and its stakeholders, driving the creation of high-quality jobs by supporting our native entrepreneurs and connecting them into a world class network."

"The Cork and Boston-based boot camps will expose the ambitious start-ups to a leading international entrepreneurial ecosystem and equip them with international best practice from the MassChallenge international model on start-up supports. The Programme will enable participants to network internationally while being exposed to sector specific experts. We look forward to embedding some of our innovative regional companies into this progressive community," said Mr Lucey.

Deputy Mayor of Cork County Council, Cllr Ian Doyle said: "Cork Country Council is extremely excited to see the drive and innovation Ireland has to offer Bridge to MassChallenge Cork. This strategic partnership will promote our region as a global entrepreneurial hub and leader of innovation in this space, and the initiative dovetails with the long and successful track record our region has earned as a leading-edge, global cluster for pharma, biotech and med-tech companies.

"This initiative also further builds upon the region’s well-established business, tourism and political links with Boston and the east coast of the United States. We look forward to an exciting and wholesome engagement from start-ups and stakeholders alike with Bridge to MassChallenge Cork over the next 12 months.

"We would like to leverage this pioneering economic model, which is based on collaboration with global experts. These experts have demonstrated success, have world leading experience and international connections. This model will assist in strengthening the region’s innovation ecosystem, drive job creation and in turn reap the positive impacts on the jobs economy of our region," he added.

Applications for this ground-breaking programme are now open. For further information see www.corkcoco.ie/b2mccork or contact Elaine Walsh, Bridge to MassChallenge Cork Programme Manager, on elaine.walsh@corkcoco.ie.

ePaper Service

Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8
Desktop, Tablet & Smartphone friendly
Contributors

Title: Deputy Editor

@louisecashell

Title: Journalist/News Editor

Title: Style Columnist

Title: GAA Columnist

Title: Beauty columnist

Title: Columnist, Our City Our Town

Title: Columnist, Food

Title: Motoring correspondent

@neilmbriscoe

Title: Intern Journalist

Cookies on Cork Independent website
We use cookies to ensure that we give you the best experience on our website. We also use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on the Cork Independent website. However, if you would like to, you can change your cookie settings at any time by amending your browser settings.
How does Cork Independent use cookies?
Cookies enable us to identify your device, or you when you have logged in. We use cookies that are strictly necessary to enable you to move around the site or to provide certain basic features. We use cookies to enhance the functionality of the website by storing your preferences, for example. We also use cookies to help us to improve the performance of our website to provide you with a better user experience.
We don't sell the information collected by cookies, nor do we disclose the information to third parties, except where required by law (for example to government bodies and law enforcement agencies).
Hide Message