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National Startup Awards 2021 Launch The 2021 National Startup Awards are celebrating 10 years of recognising Ireland’s best Startups and are open for entry now. 14 October 2021 – The National Startup Awards supported by Enterprise Ireland were officially launched today. The competition recognises and rewards Irish startups for their success in business across 10 categories. The competition, now celebrating its tenth year, has become a pivotal date in the Irish startup calendar, with the best and brightest startup companies being recognised at a national level. The National Startup Awards recognise the dedication, resilience and perseverance of entrepreneurs that are contributing so much to the nation’s economy.

What is a pitch deck and/or investor pitch? An investor pitch is a presentation of your business model that shows the potential for growth and viability. It is a summary of your business in 15-25 slides containing key information of your business idea. Startups want to sell their product, and a pitch deck aids in presenting details in an organised and visually appealing manner to potential investors, clients, and partners. To get investor buy-in during the earliest phases, you need to create a killer pitch deck. Your investor pitch deck can make the difference between success and failure Richard Harroch in his Article for Forbes magazine sets out very well the key slides which are

by Marcella Clarke Useful tips as to why you should register your brand name as a trade mark? 1. Is your brand name available? Before you launch your business or product it is wise to check no one else is using it or has registered it as a trade mark. As a registered trade mark expert, I can perform an availability search and identify any obstacles your brand might face. 2. Is your brand name strong enough? It is always easier to register a trade mark that is distinctive, memorable, easy to pronounce and emotionally appealing. Stand out from the crowd. A strong name makes it easier to stop other

There are less than six months before new General Data Protection Regulations (GDPR) take effect in the European Union (EU). These aim to strengthen the rights and protection of consumers in the EU. This means that all businesses need to prepare for the impact of more stringent data collection and storage processes. GDPR starts May 25, 2018. This legislation affects all EU member states. Everyone will now have to follow the same laws for collecting, storing and using consumer’s personal data. Benefits of GDPR There are two key benefits to the GDPR: Its goal is to give EU residents control over their personal information. It simplifies the regulatory environment for

By definition, an entrepreneur is a person who is willing to take risks in lieu of a profit. Therefore, acknowledging and embracing risk is a fundamental aspect of starting a new business. There will always be a certain level of uncertainty that you will have to prepare for and deal with when you work on establishing a startup business. Anticipating Failure The temptation is to ignore these risks and move forward with a false sense of security mingled with irrational ambition. Such an approach will lead to inevitable failure. Once you enter the world of business, you put your name in an intense competition that will either get the

1. Not making the deal clear with co-founders You absolutely have to agree with your co-founders early on what the deal is among you. Not doing so can cause enormous problems later (see, for example, the Zuckerberg/Winklevoss Facebook litigation). In a way, think of the founder agreement as a form of “pre-nuptial agreement.” Here are the key deal terms you need to address in some kind of written founder agreement: Who gets what percentage of the company? Is the percentage ownership subject to vesting based on continued participation in the business? What are the roles and responsibilities of the founders? If one founder leaves, does the company or the other

Jennifer Berrent, a partner at the New York office of legal firm WilmerHale, says the three most common mistakes ‘treps make in the early stages are failing to adequately protect their intellectual property (IP), not formalizing the equity arrangements among founders and inaction or haste in choosing the right structure for their business. Berrent held court on how to avoid common pitfalls. How can entrepreneurs protect their IP early on? Before you form an entity, people are chatting; they might be at their current job, maybe they spend a couple of hours collaborating. And there’s a question when you are going to develop a business around that: Who owns that

1. Watch Out for Your Advice When I first started speaking professionally and coaching individuals, I never thought that I needed special insurance. It is rare, but I have seen some people take advantage of well-intended “advice” by claiming it destroyed their life and then suing the communicator. If you are in the business of providing advice, look into getting some liability insurance. 2. Consider Vesting Your Equity Over Time It is extremely difficult to find the right co-founders for your business. You need to have a similar work ethic and timeline for the investment, your chemistry has to match, and you have to make sound decisions for the company.

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