Dublin Tech News: Deloitte, EI, Web Summit & Failure Isn’t Grand

Dublin Tech News DublinGlobe.com

The week, in essential tech reads (and listens):

‘Failure is grand’: the big, fat cliche that isn’t even true:
Via The Irish Times:
Pat Phelan, founder of Trustev, one of Ireland’s fast-growing start-ups, had an enjoyable rant last week on Twitter about the expansive Irish industry of self-titled start-up experts, mentors and advisers… “Just ask how many exits they have, not what speaking engagements,” went one Phelan tweet. The whole comprised a fine, and accurate, set of observations that should be recalled by startups, event organisers, Government bodies and other organisations the next time they are seeking a speaker, an innovation adviser, a board member, a mentor, a resident entrepreneur. READ MORE

Deloitte to create up to 400 jobs, new Cork institute will add another 50:
Via The Irish Independent:
Professional services firm Deloitte will create up to 400 jobs here over the next four years, while 50 jobs will be created at a new national institute in Cork. The jobs are across areas including finance and analytics. The company also said the Competition and Consumer Protection Commission has approved its acquisition of System Dynamics, a technology consulting business. READ MORE:

Dublin-based Intercom discusses its $35m cash injection, and Irish expansion plans:
Via Newstalk:
Dublin and San Francisco-based software company, Intercom has raised $35m in its third round of funding, and plans to use part of the finance to double its 70-strong workforce in Dublin to 140 over the next year… Intercom’s Vice President of Product, Paul Adams, joined Breakfast Business this morning, he spoke to Vincent Wall about the Dublin operation. He says that settling in Ireland has helped the company to get ahead in the current international “talent war” for software designers and engineers. LISTEN HERE

Enterprise Ireland reveals €500k fund aimed at attracting overseas start-ups:
Via Silicon Republic:
Enterprise Ireland has launched a new €500,000 Competitive Start Fund aimed at attracting international start-ups to locate in Ireland. The fund is aiming to make a €50,000 investment in 10 companies for a 10pc equity stake as well as other supports such as mentors, development programmes and more. The call closes on 9 September and applicants will be invited to pitch for the 10 investments during The Start-up Gathering 2015 in October. READ MORE

If the Web Summit leaves Dublin, Paddy Cosgrave will be more hated than Bono:
Via The Next Web:
For Dublin to lose the Web Summit would be a tragedy, but it would bounce back. This is not the city that Paddy built, no matter how much his organization subtly spins it that way. If the Web Summit forsakes Dublin, it will lose much more than the city will. Take your event across the sea, Paddy and you’ve lost one of your greatest strengths. READ MORE

And our Tweet of the week:

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