Bank of Ireland has this week announced that Tandem HR Solutions, Surf Accounts, CitySwifter, Aylien, Fund Recs, LoyLap and mADme will join the Bank of Ireland Innovation Lab New York programme which will see them gain access to free incubation space in New York City.
The incubation space supports Bank of Ireland startup customers as they seek to grow their business and enter the US market and is the first offering of its kind from an Irish bank outside of Ireland.
In addition to working and meeting space in this central New York location, the teams will receive expert mentoring from Bank of Ireland’s dedicated innovation and corporate banking teams in both Ireland and the US to help them develop, grow and scale their business. Bank of Ireland will work closely with the selected teams to help them get on their feet when they arrive, facilitating introductions to venture capitalists, state agencies and relevant intermediaries based in the city.
Bank of Ireland say the decision to open the Innovation Lab New York was taken in response to demand from Bank of Ireland business customers and represents the next step in the bank’s aim to foster entrepreneurship. The incubator, specifically for scaling startups, is an extension of existing successful Bank of Ireland facilities already available in several locations in Dublin, and in Cork, Limerick and Galway, such as Workbench and Bank of Ireland Innovation Lab New York.
The high potential startups selected to partake in Bank of Ireland Innovation Lab New York include:
Tandem HR Solutions is a SaaS HR technology incorporating feedback and a coaching tool for performance management
Surf Accounts is a cloud accounting software and accounting package for small businesses
CitySwifter is a business intelligence platform for urban bus networks
Aylien is an Artificial Intelligence powered content analysis solutions
Fund Recs develops reconciliation software for the Funds Industry
LoyLap offers cashless payment solution to boost your customer experience and revenue
mADme is a mobile advertising platform that connects mobile operators and brands to customers
Welcoming the new startups, Innovation Lab Manager at Bank of Ireland, Carolyn Quinlan said, "The companies joining us for 2018 are fantastic, we have some really interesting and exciting businesses in the mix that we think will excel in the US. With the help of our dedicated innovation and technology teams, we expect great things to happen for these Irish startups over the next 12 months."