Wednesday, February 25, 2009

Eircom ploughs €100,000 into web innovation fund

Eircom has launched its Second Web Innovation Fund with support from the Waterford Institute of Technology-based Technology Software & Systems Group.
Eircom’s first Web Innovation Fund was launched in November 2007 to promote, mentor and sponsor innovative web applications in the Irish internet industry.
“It’s a very challenging time out there for start-ups in today’s economic climate,” said Cathal Magee, managing director of Eircom Retail.
“Money is tight and funding is difficult to secure. While everyone expects and accepts re-prioritisation of monies for investment, we cannot afford to lose sight of a basic fact – an economy has to continue to innovate in good times and in bad, in order to survive. Read More

Courtesy: Silicon Republic

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