Early-stage companies and start-ups face the same challenge everywhere. It revolves around convincing funders and investors that their idea is not only scalable but also has the potential to turn the start-up into a global company.
“To do this, you have to persuade the investors that 1) you have a truly differentiated idea; 2) you possess the ability to execute on the plan you are presenting; and 3) the market is ready for your product/service,” shares Conor Carmody.
Mr. Carmody is an experienced business leader, with over 30 years’ experience in Ireland and globally. He specialises in strategy and commercial development. He started his career in the Retail Industry in Ireland. Subsequently, he moved to Moscow, where he set up and developed an international retail business.
Joining the Dublin Business Innovation Centre
Upon returning to Ireland, Conor Carmody got involved in the commercial development of several companies, some of which were successfully sold as a result. These include the Meteor Mobile Communications, the eMobile brand for Eircom, as well as Vodafone, where he worked as a Marketing Director.
In 2014, Mr. Carmody joined the Dublin Business Innovation Centre (Dublin BIC) as an Investment Advisor, supporting entrepreneurs and start-ups in getting access to finance.
The Main Role of the Dublin BIC
The Dublin Business Innovation Centre “empowers entrepreneurs to start and scale by providing them with a comprehensive range of programmes, specifically designed to advance the ambitions of early-stage companies,” tells us Conor Carmody.
The Centre’s Investor-Ready Programme is a challenging yet very rewarding experience for those who are selected to take part in it. Each company receives a dedicated Dublin BIC investment preparation specialist who helps them with his/her deep domain and ecosystem knowledge and influence.
The Programme includes a thorough analysis of the product/service, market opportunity, competitive positioning, and scalability. This often results in fundamental changes in the team, targets, proposition, and, sometimes, even in the product/service itself.
Dublin BIC’s Major Ecosystem Event – FutureScope
FutureScope is Ireland’s No. 1 innovation event that brings together start-ups and early-stage companies with corporates and investors.
The 2020 edition, which will take place the second half of 2020 in the Convention Centre Dublin, will attract over 1,500 of those who are most active in the tech and entrepreneurial ecosystems. The event will feature 40 exhibitors and more than 120 speakers and panellists.
The Dublin BIC hosts FutureScope for the 7th time as part of its mission to empower entrepreneurs to start and scale companies with international ambition.
It focuses on “identifying collaboration opportunities between start-ups, scale-ups, multinational companies, innovative Irish enterprises, the research community, and investors,” concludes Mr. Carmody.