Entrepreneurs Take First Steps to Success with DIT Hothouse

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4th May 2011

Pictured at the launch of the DIT Hothouse Venture Programme are (l to r) Dermot Tierney, DIT Hothouse; Catherine Keane, Entrepreneurshipnet.com; Dominic Mullan, DIT Hothouse; Hilary Kenna, SeeSearch; and Mark Dunne - 2SaaS

16 Irish entrepreneurs have taken the first steps to business success by embarking on the latest DIT Hothouse incubation programme for knowledge intensive start-ups. The year long DIT Hothouse Venture Programme is an award winning programme that provides entrepreneurs with professional expertise, incubation facilities and mentoring to develop successful companies for the global market.

The Venture Programme’s latest intake includes a broad range of enterprises from engineering software and wireless technology, to smartphone applications and web-based service solutions. Commenting at the launch of the programme Tom Flanagan, Head of DIT Hothouse said, “This is the 21st Venture Programme we’ve run and it includes some exciting ideas that have the potential to become highly profitable businesses. Developing new, innovative Irish companies, particularly those capable of achieving international sales, is absolutely critical to Ireland’s economic recovery and the Hothouse Venture Programme can make the difference in helping turn a great idea into a viable business ” he said.

Entrepreneurs must present a viable business proposal, meeting strict entry criteria, to gain a place on the programme which provides an unrivalled development platform for start-ups. According to Tom Flanagan, acceptance onto the DIT Hothouse Venture Programme provides entrepreneurs with an excellent opportunity to develop a successful business.

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The latest participants on the DIT Hothouse Venture Programme pictured in the Docklands Innovation Park.

“Participants receive expert advice on key business areas such as strategic planning, marketing and business development and financial management to help them grow their business. We also hold regular industry events that are an ideal vehicle to showcase businesses to the investment community. In addition, the DIT Hothouse incubation space in the Docklands Innovation Park provides a stimulating environment of fellow entrepreneurs and experts in which start-up companies can thrive.”

Since its establishment in 2001, the DIT Hothouse Venture Programme has helped launch over 300 companies that are now responsible for well over 1,000 jobs in the Dublin region. Previous participants include highly successful businesses such as music sharing site Muzu.TV, mobile multi-media technology developer Movidius , online retailer Mick’sGarage.ie and semi-conductor producer Decawave , amongst many others.

DIT Hothouse is the Innovation and Technology Transfer Centre at Dublin Institute of Technology. For further information on DIT Hothouse and the range of services and supports it offers for entrepreneurs and researchers visit www.dithothouse.ie

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