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Ireland’s first rural digital hub announces €45k investment

Written by Robert McHugh, on 14th Nov 2016. Posted in Technology

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It was announced last Friday that Ireland’s first rural digital hub, the Ludgate Digital Hub in Skibbereen, Co. Cork, will grant seed funding to online education startup, Digedu, with the company relocating from its base in Dublin to the West Cork town.
 
As part of National Digital Week 2016, Ludgate Digital Hub recently announced a €450,000 investment package, the Ludgate Seed Capital Fund, to help startups develop and scale their business, attract new talent or develop their product or service. 

Digedu is the first to receive funding from this package with an investment from Ludgate of €45,000 in the business, 10% of the total seed funding. The company is an online provider of courses aimed at teaching skills for the digital age to a global audience.
 
The funds will allow investment in the company’s educational platform with the business aiming to employ ten people within the next three years.
 
Speaking at the announcement, Founder of Digedu, Bryan Hurley said, "This substantial investment in our business at this early stage gives us the platform to develop and grow at a much quicker and efficient pace than otherwise might have been possible."

He added, "Skibbereen’s Ludgate Digital Hub provides us with everything we need from high speed connectivity to mentorship in an exciting startup environment and is a unique opportunity for a small tech company to participate in a truly unique and inspiring initiative."

Source: www.businessworld.ie

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