Tuesday, July 08 10:59:27
Trinity College Dublin has welcomed eight new teams of budding entrepreneurs to its student incubator, LaunchBox.
LaunchBox, now in its second year, will run a three-month accelerator programme, which is open to teams of Trinity students (undergraduate and postgraduate) with early-stage business ideas.
This year's teams will work to deliver investor-ready ventures focused on a variety of themes. One team is aiming to develop an app that will allow people to gain fashion insights from their immediate environment, while others aim to produce a growing online repository for quality teaching resources, develop a software management system for cataloguing laboratory chemicals and provide an intelligent system for homes that 'knows' when you need the lights on.
The other four teams will make an industry-leading drink for athletes, deliver a crowdsourcing social media platform for indie video game developers, use cutting-edge technology to make children's glasses frames at much-reduced prices, and develop a system that allows people to pay for products by tapping their mobile phones with their credit/debit cards.
This unique business incubator provides coaching, expert advice, seed funding and access to the space and facilities needed to test out and launch the new ventures. Supported by the Trinity 'Angels', who come from Trinity's network of alumni and friends, LaunchBox offers an innovative combination of practice and education.
The selected teams have taken up residency in Regent House, above the front arch of Trinity College, where an inspiring view of the city on one side and the auspicious history of Front Square on the other will provide the backdrop to their entrepreneurial efforts. The space houses a unique 'pop-up' studio, which caters to all of the needs of a successful start-up including the provision of super-fast wifi and strong coffee.
LaunchBox will pair these teams up with experienced entrepreneurs, who will coach and provide continuous feedback on their startups. Teams will also have access to a wide range of master classes, covering the fundamentals of starting a venture and including a range of guest speakers and networking opportunities.
Professor Vinny Cahill, Dean of Research at Trinity, said: "Trinity College is delighted to continue LaunchBox for a second year. The recent successes of our 2013 teams have underlined the benefits of this programme and served to reaffirm Trinity's commitment to producing graduates that can create jobs through innovation and entrepreneurship. LaunchBox gives students the opportunity to nurture their start-ups in an environment that offers guidance and support while encouraging creativity to create real impact for Ireland."