Although there are other payment services emerging from the likes of paybmobile (pay by mobile) that will enable consumers to top up their phones to pay for goods online without having to use a credit card.
- Fergus Burns
The same paper reports that TCD and UCD have formed a new partnership with a group of Silicon Valley-based technology experts in a bid to boost the number of spinout companies from the two universities. This will be achieved through a combination of mentoring and venture capital investment. The partnership between the Innovation Alliance -- a joint TCD/UCD research initiative -- and the Irish Technology Leadership Group (ITLG) aims to create a Silicon Valley-like environment that will facilitate not just the commercialisation of research, but the creation of technology companies and jobs.
- Fergus Burns
As a condition of the Government's recapitalisation of the main Irish banks, each bank is required to make available €15 million in new seed capital. Enterprise Ireland has partnered with Allied Irish Banks and Bank of Ireland to ensure that these funds are used to optimum effect. With a matching commitment of €16 million from Enterprise Ireland, a total of €46 million in additional seed capital investment is now being made available to early-stage Irish companies through this initiative.
- Fergus Burns