LIMERICK is to play host to a major international business summit of executives, entrepreneurs and investors in January.
The Limerick Institute of Technology (LIT) and the University of Limerick (UL) have partnered with the Irish Technology Leadership Group to bring the latter’s annual summit to the city.
Millions of euro in investments are set to be made at the event, held on January 27 and 28 next using both LIT and UL’s facilities.
Speakers will include former chairman and CEO of Intel Corp Craig Barrett, Barry O’Sullivan of Cisco, Castletroy man John Herlihy, of Google, and Rory McInerney of Intel Corporation.
The ITLG is a support network of Irish, or Irish-American business leaders based in the Silicon Valley.
Technology leaders will come from Russia, China, India and cross the Americas.
Now in its sixth year, the summit will see leaders from a range of different businesses gather.
The event presents an opportunity for small start-up companies to avail of significant sums of funding.
In the six years the ITLG has met as a group some €1m has been handed out to high-potential start-up companies.
There will be ‘fast pitch’ sessions for entrepreneurs, business startups and innovative businesses to pitch for investment.
“It is a huge opportunity for Limerick to showcase the best of the city. Over the last six years, we have brought in major companies from the Silicon Valley and all around the world, including Disney, Cisco, Apple and Google,” John Hartnett, the president and founder of the ITLG said.
“Being able to showcase Limerick on a global scale, and the talent that is here is extremely important. The other side of it is that we have some great start-up companies coming through. Getting exposure for these companies to investors and major technology firms is areal big deal,” Mr Hartnett explained.
He said, based on previous evidence, anything between €100,000 to €2m can be pledged to new companies at events like these.
“Most of the company seen are early stage firms. On average, we invest between €500,000 to €1m,” he said.
City and county manager Conn Murray said the bringing of the ITLG conference to Limerick - the second time it has been here - is an example of how the city’s institutions are finally working in partnership.
“We are starting to see what is unique about Limerick, and that is a partnership which is willing to do what is necessary to deliver for Limerick. Things will not happen, they must be made happen. What is being presented today is an opportunity. We must maximise this opportunity being presented by John Hartnett and the ITLG,” Mr Murray told reporters.
Companies are already being invited to register for the event, which will include with a Global Technology Leaders Summit and a Gala Networking Dinner.
There are also a number of collaboration opportunities possible at the two-day event.
Interested parties should visit www.itlg.org for more information on this.