The firm will be increasing its focus on Ireland and Europe, providing a local and active source of venture capital from a leading international investment firm.
Polaris is a leading US venture capital firm. The investment is being made through Innovation Fund Ireland, a Government initiative to attract leading international venture capital fund managers to Ireland. The National Pensions Reserve Fund (NPRF) today announces a $50 million investment in Polaris Venture Partners. The only agenda is to bring together great people with good ideas and support them to build a community and start companies. The Dublin Start-Up weekend is run on a voluntary, not-for-profit basis by the duo (participants pay for tickets, which cover their food costs for the weekend), to see what great new ideas emerge from the community, and to help in any way to get them off the ground. Billed by Forbes as a ‘ Name You Need to Know in 2011’, two Startup Weekend originating companies have recently raised investment ( raised $2m, and Foodspotting raised $750k)Īmy Neale and Sean Murphy (who are facilitating the event on the ground in Dublin) are passionate about creating a successful event for Dublin. Startup Weekend started in the US, but now has run in over 100 cities across the world with over 15,000 people having taken part. These start-ups emerged from the 60 participants, all of whom pay to take part, and form teams around good ideas. The last Dublin Startup Weekend in May 2010 saw four start-ups formed, all of which are still plugging away (see BragBet GeoDealio CauseHere and HittheRoad). This will be the second Dublin Startup Weekend, and the concept is simple – a roomful of people are brough together (c.50 – 70 developers, coders, marketers, product managers, web evangelists and startup enthusiasts) to go from concept to launch (or at least prototype) in 54 hours.
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