Web Summit


31
Oct 13

Ireland ‘Capital of Digital World’

Taoiseach Enda Kenny TD rings Nasdaq bell  for first time in Ireland with Executive vice president NASDAQ , Bruce Aust, and Paddy Cosgrave, founder Dublin Web Summit. Photograph: Dara Mac Dónaill / The Irish TimesTaoiseach Enda Kenny  opening the New York’s Nasdaq stock exchange as part of the Dublin Web Summit 2013.

Taoiseach Enda Kenny declared Ireland the new capital of the digital world today during a massive internet summit in Dublin where thousands of visitors struggled to get online.

Irish tech start-ups announced multimillion euro funding deals as Ireland’s Dublin Web Summit swung into action.

Cork-based online security firm Trustev announced a $3m (€2.2m) seed funding round to finance the further development of its online fraud protection technology. The company, run by ex-Cubic Telecom executives Pat Phelan and Chris Kennedy, is being financially backed by US venture capital fund Greycroft Partners and by Irish investors ACT Venture Capital.

“We’re thrilled to have such a strong pedigree of investors who believe in our technology,” said Trustev co-founder Pat Phelan. “Our focus is on pushing the complexity of fraud into the background, allowing online retailers to concentrate on servicing their honest customers while we identify and eliminate the troublemakers.”

Phelan said that by the end of 2013, Trustev will be processing 10 million transactions per week for e-commerce companies.

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29
Oct 13

All Aboard the Startup Express to Dublin Web Summit

Specially chartered train to bring entrepreneurs and investors to Dublin Web Summit.

A specially chartered train will today bring more than 180 entrepreneurs and venture capitalists from Cork to the RDS for the Dublin Web Summit.

The train, dubbed the Startup Express, will leave Cork’s Kent Station at 4pm and head for the RDS, travelling along Dart lines once it reaches Dublin. It will arrive at Sandymount Dart station near the RDS at 7.40pm.

On board, passengers will have the opportunity to take part in a variety of networking activities on three specially designed carriages.

A speakers carriage will feature presentations from top entrepreneurs and business thinkers on a variety of topics, while a hardware carriage will feature Microsoft gadgets, tablets and mobile phones for passengers to try out.

Ten Cork-based startups will be given space on the startup carriage where they’ll receive mentoring from top accelerator TechStars, as well as some of Ireland’s most experienced entrepreneurs.

Microsoft Ireland managing director Cathriona Hallahan, Former Skype chief operating officer and current Mangrove Capital general partner Michael Jackson, VoxPro CEO Dan Kiely, Trustev CEO Pat Phelan and Naloot founder Noel Toolan will be among the speakers.

“The Startup Express was an idea that came to us and we never thought we’d have as much demand as it’s received,” Trustev chief executive Pat Phelan said.

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