US Silicon Valley Bank funds Irish Silicon Valley

Despite the uncertainty that surrounds the Irish economy, the business sector of Ireland has been expanding far beyond previous years capacity, with little promise of slowing down. A large part of this is due to the increased investment by both national and internationally based companies in their Irish based assets. 

Additionally, many companies have become increasingly interested in the business and technological advancements that are happening within the up and coming “silicon valley” of Ireland, located within the capital city of Dublin. The United States Silicon Valley Bank, a subsidiary of SVB Financial Group and one of the largest US high-tech commercial banks, has especially taken notice to these upcoming influential companies. 

As a bank that focuses on lending to technology and biotechnology companies, it has made its mission to provide funding to all sizes of business in multiple different forms whether that be venture capital, revenue based financing, private equity, etc. The bank has stayed true to their mission since its debut, providing more than 30,000 start up companies with the funding they need to succeed. 

The Silicon Valley …

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Start-up to Cause Shift in Housing Market

As I have previously written, the Irish housing market is currently experiencing a great crisis. With nearly no answers, the public is scrambling to find a way out, a way to the surface of all this financial distress.

This is where the Irish start-up Moove comes into play.

They’re entering the market with a goal to disrupt the market and give buyers and seller more choices and control during the sale of a home.

Yet to fully enter the Irish market, they are basing and forecasting the success of their business on the hybrid online model, currently based in the UK.

This model is currently offering sellers savings up to 7,200 euro!

Founder of Moove, David Madden started his career at the age of 17 as an estate agent at his parent’s business.

Having worked in the real estate business for many years, he has great potential in the start-up of such an inventive company.

Moove is designed to provide the same services one would find from a regular real estate agent, starting at a base cost of 1,800 euro.

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Can car owners make money off of their car by not even driving it?

A new emerging Wicklow-based company might make that possible. Fleet, frequently referred to the Airbnb for cars, just secured AXA car insurance company to offer drivers coverage for only £7-£10 a day. The insurance deal is separate and does not affect the car owner’s own coverage.With this new deal, the business is going to hit the ground running. The brains of it all, Maurice Sheehy, is offering car owners a chance to make a profit off their car while they are not using it. This gives opportunity to car owners who don’t use their cars on their daily commute to make money by renting them out. If used two days a week, one can make £3,500 a year, according to Sheehy.

This new business may change the game for the car rental services, hopefully comparable to Airbnb in accommodations and Uber in taxis. With the reviewing process similar to Airbnb, the online reviews can be used by renters and users to ensure a good experience.

The new company was created because how frustrated they were with the large amounts of …

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SME Awards 2015

We are fans of business, in particular SME’s and thought we’d help spread the word about the SME Awards 2015.

Here’s the detail:

The SME Awards are an informal national business awards ceremony that will take place on April 25th in the Radisson Hotel, Cork. The Awards are modelled on the Web Awards and the Social Media Awards, two very successful awards shows run yearly by Mulley Communications.

The SME Awards differ from other awards as:

FREE – Any SME can enter the awards without paying a fee.

The public are involved in judging as are your peers.

Sponsors can’t be nominated in any category and can’t influence judging.

The costs to come along to the ceremony are not prohibitive and tuxes are not required. €50 early bird tickets but you can still win if you don’t attend.

They’re informal and fun.

Is it not another awards show in a sea of hundreds more?

Not really. We ourselves are a small business and we work with SMEs daily. We know the stresses, the joys and the high you can get …

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