March 2008 – Press Release Dublin, Ireland and Baltimore, Maryland, USA.
To accelerate the growth of trade between Baltimore and Dublin and to promote job creation in the two cities, the Dublin Business Innovation Centre (DBIC) and Baltimore City’s technology incubator, the Emerging Technology Centers (ETC), today signed an agreement to collaborate in attracting technology based companies from their respective countries to open offices in the other’s business incubation centres.
“The big challenge facing Irish early stage technology companies today is to achieve a global presence quickly. This agreement provides them with a base into to the major US market in a supportive environment,” commented David Varian, chairman, Guinness Enterprise Centre (part of DBIC).
Under the agreement, ETC and DBIC’s technology incubator, the Guinness Enterprise Centre (GEC), will provide “soft landing” business assistance services and office space to technology based businesses who wish to establish an international presence. Each organisation will market the other’s capabilities and the value of the collaboration among its member companies and the surrounding business community.
“DBIC was very interested in collaborating with the ETC as they are well known for creating an environment in which like-minded start-ups can accelerate their potential,” says Hugh Governey, Chairman of the Dublin Business Innovation Centre. “This is exactly the kind of atmosphere Dublin companies want to access when establishing a U.S. operation.”
“This collaboration will assist new and existing technology firms to expand internationally in physical space which can accommodate their unique needs, while receiving the business mentoring, technical, and networking services that traditionally have been provided by DBIC and ETC,” says ETC President Ann Lansinger. “These tools and resources are essential to helping these companies grow.”
One of the more innovative elements of the Agreement is the creation of local Advisory Committees of experienced business people for each company participant. The goal of these Committees is to help the company succeed in the new overseas market by providing relevant business advice and valuable industry contacts to company management. This local network of business contacts will help “anchor” the business to its new community.