Fund and Accelerator Programme led by SVG Partners and eircom Business Solutions
Dublin, 25th March, 2015
CloudKPI is one of 11 promising tech start-ups from Ireland, the US, Poland and India, selected to participate in Lab353, the accelerator and investment programme led by SVG Partners and eircom Business Solutions. Established in 2012, CloudKPI delivers real-time KPI & analytics to SME business owners via their smart devices.
CloudKPI will enter a nine-week ‘boot camp’ style programme, beginning today Wednesday, 25th March, with the aim of establishing or scaling commercially viable operations in Europe and the US.
For the duration of the programme CloudKPI will have access to markets, infrastructure capability, strategic management consulting, a global network of mentors from Silicon Valley and Ireland, as well as corporate, legal and tax services through Lab353 partners.
Following the nine week programme, the 11 companies will pitch their ideas to a group of influential investors at the ITLG Silicon Valley Global Tech Summit in Dublin, with the aim of securing up to $1 million investment each.
The 11 companies were chosen from a shortlist of 40, who last week pitched to a panel of 20 high profile judges, including Sonya Flynn, Managing Director, Facebook Ireland, Barry O’Sullivan, CEO, Altocloud, Helene Graham, Chief Technology Officer, eircom, John Hartnett, Founder and CEO, SVG Partners and NilaKanthi Ford, Chairperson of the Irish India Business Association.
Brenda Jordan, founder of CloudKPI said, “We are absolutely delighted to have been selected to take part in this programme. The opportunities it presents to us, in terms of access to expertise, business introductions and funds, are beyond our wildest dreams. We intend to make the most of this wonderful opportunity.”
Enda Doyle, Director of Business Development and Innovation, eircom Business Solutions, said: “This is a unique opportunity for tech start-ups to establish or scale their operations in Europe and beyond and achieve their dreams of turning the next big idea into reality. Companies in the programme will get access to top technology leaders and mentors from Silicon Valley and Ireland, access to markets and the chance to raise capital, all from eircom’s Internet House in the heart of Dublin.”
John Hartnett, founder and CEO of SVG Partners, said: “We believe that the businesses chosen to enter Lab353 are the hottest mobile, cloud and ‘Internet of Things’ start-ups. It is clear that the potential for these businesses is huge and Lab353 will give them the support and guidance they need to rapidly architect, scale and support commercially-viable solutions.”
A model of the successful Silicon Valley programme, Lab353 was established as a strategic partnership between SVG Partners and eircom Business Solutions, and the programme is also supported by Arvato, Digicel and industry experts from the world’s top technology companies.