Ludgate Hub calls for Expressions of Interest for share of a €300,000 ‘Ludgate Seed Capital Fund’

Posted on: 9th May, 2016

Category: Headlines

Contributor: West Cork People

Above: Sean O’Driscoll, Chairman and CEO of Glen Dimplex and investor of the fund

A €300,000 Ludgate Seed Capital fund, aimed at companies who locate in The Ludgate Hub in Skibbereen, is currently calling on entrepreneurs to register interest in the fund by May 20, 2016. The fund is designed to support start-up and early stage companies with job creation potential. The Ludgate Seed fund is joint-funded by Gain Line Capital Investments Limited and the Sean and Rose O’Driscoll Family Investment Fund, and was announced during the hugely successful National Digital Week in November of last year.

The Ludgate Hub is set in Skibbereen at the heart of scenic West Cork and offers an alternative space for start-ups and early stage companies to work from. Tenants of the hub will experience one of the fastest internet connections in the country powered by an uncontested 1000MB SIRO connection with Vodafone being the business provider. The refurbished Old Bakery building, which will be renamed The Ludgate Hub, was made available for the initiative by local businessman John Field and is due to officially open in Spring 2016. The 10,000 sq ft co-working space is the first of its kind in a non-urban area in Ireland and has already attracted a wealth of digital innovators, start-ups and those working in creative industries.

Maurice Healy, CEO of The Healy Group and investor of the fund said, “It has been great to be involved from the grassroots with Ludgate. It really is a amazing initiative that will give young businesses a great start. This is very close to my heart as the Hub is in my home town and myself and my family are really looking forward to working with the next generation of entrepreneurs, with exciting times ahead”.

The seed fund comes at a welcome time for entrepreneurs, as 2015 saw a significant decline in availability of seed finance. According to the Irish Venture Capital Association, the amount raised by seed funds in Ireland last year was €43.8 million, down from €66.8 million in 2014. In 2015, seed funding accounted for eight per cent of the overall €522 million raised through venture capital.

Sean O’Driscoll, Chairman and CEO of Glen Dimplex and investor of the fund added “For decades rural Ireland has been neglected. Over the last decade many towns and villages in West Cork have been devastated. The Ludgate Digital Hub combined with the arrival of 1,000MBps of broadband to Skibbereen opens up enormous new opportunities for West Cork. This new Digital age will make the impossible possible and consign geographic disadvantages to history and reinvigorate West Cork”.

All expressions of interest are encouraged to pitch for a share of this fund, by demonstrating how the fund could support job creation or retention. Interested parties can find out more information by visiting www.ludgate.ie/seed-funding/ or email investments@ludgate.ie by 5pm, Friday, May 20 2016.

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13th April, 2018  ·  

An evening on the 'Balance of Feeling Good' by Clonakilty Gaa Club Health and Wellbeing Committee followed by Guest Speaker, Cork GAA Chairperson, Tracey Kennedy.

Paddy Duggan, former Principal of Clonakilty Community College, will be MC on the night, facilitating a discussion on getting the balance of feeling good.
Contributors on the night are Colm Sheehy, Conor Murray, David Lowney, Denis Murphy, Eoghan Deasy, Sean McEvoy, Thomas Clancy and Treasa O'Brien.
Topics covered will range from awareness and responsibility to yourself and others to the benefits of exercise and nutrition.
The evening is suitable for everyone aged 16 and over from players, members of the community, parents of young and adolescent children, etc.

This is a public event, free of charge and everyone is invited and very welcome to attend.
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12th April, 2018  ·  

The Cast of Harold Pinter’s ‘No Man’s Land’ are on their way to the All-Ireland finals, having won 26 awards, including five best of Festivals, at the Amateur Drama League of Ireland annual three act festivals. The play ‘No Man’s Land, by Harold Pinter, the Nobel Prize Winning Author is directed by Jennifer Williams.

One last opportunity to view this multi award winning play at Skibbereen Town Hall, on Saturday 14th of April, before the finals.

Having met by chance in a pub, two aging writers continue a long night of drinking and reminiscing in a stately London home. As the night wears on, their conversation wanders through memories long forgotten or invented. Is their encounter real or a delusion? Are they strangers or do they share a past history? When unexpected guests intrude upon an increasingly surreal evening, the atmosphere quickly changes from friendly to threatening, and the encounter becomes a game of survival.

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For more information please contact hilary.mccarthy6@gmail.com
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9th April, 2018  ·  

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