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CategoryBusiness
DateThursday, November 18, 2010
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Streets Ahead for Parking Tech Firm 

Silicon Valley Based Streetline Networks Finds it Spot at the IBM SmartCamp World Finals

 

 

SMARTCAMP_Streetline.pngStreetline Networks, the Silicon Valley company that makes software to allow vehicle owners to find inexpensive parking fast while helping cities manage their parking resources more efficiently, has been named as the IBM Global Entrepreneur of the Year and overall winner of the 2010 IBM SmartCamp World Finals in Dublin today.

 

 

As part of its Global Entrepreneur initiative, over the last twelve mpnths IBM SmartCamps have brought together start-ups from around the world that are building new technologies to tackle some of the world's most pressing issues such as the environment, energy efficiency, traffic congestion and personalized healthcare.

 

 

The nine finalists, CareCloud, LindCom, Panoramic Power, Predect, Sproxil, TreeMetrics, VisioHost and WorldSensing were selected from more than 600 SmartCamp entries in Boston, Tel-Aviv, London, Paris, Stockholm, Dublin and Silicon Valley.

 

 

Over the last three days, each company has received special one-on-one mentoring sessions with over 75 global entrepreneurs and investors including Bill Liao and Eoin Jennings (XING), Claudia Fan Munce (IBM Venture Capital Group), Bill Reichart (Garage Technology Ventures), JT Buffmire (Plug and Play Technology Centre), and Larry Augustin (SugarCRM), and Ireland's very own Shay Garvey (Delta Partners), Pat Brazel (Zignals), Colm Lyon (Realex Payments) Barry Smyth (Heystaks), Philip Sharpe (Danu Technologies), Chris Horn and Sean Baker (IONA Technologies) and Paddy Holohan (Newbay).

 

 

Today, in a packed Convention Centre, Streetline Networks was awarded the honours a cheque for $50,000 based on its outstanding technology, innovative business plan, and alignment with IBM's Smarter Planet strategy.

 

 

An Taoiseach, Mr. Brian Cowen, T.D., said: "This IBM SmartCamp competition shows that despite the recent global economic difficulties, there are ambitious, dynamic entrepreneurs with new ideas all over the world, developing products and services and creating jobs. I would like to wish all the finalists every success for the future and thank IBM for bringing the event to Dublin this year."

 

He added: "Our goal is to make Ireland a Global Innovation Hub and I would like to extend an open invitation to all our international visitors to return to Ireland and to take advantage of the hospitality and business supports we have to offer."

 

 

Sadly, there was no Irish winner, however Larry Augustin, who has built a reputation of technology investment, especially in open source companies, paid tribute to Enda Keane, Founder and CEO of Treemetrics, saying that during the last three days, he has taken the advice on board and could see his confidence rise incrementally day on day. Keane told IrishDev.com that An Taoiseach had also been incredibly complimentary of their technololgy and would be recommending Treemetrics to the Coillte, the Irish foresty commission.

 

 

IBM also announced plans to expand Global Entrepreneur initiative and future SmartCamps in 2011 to emerging markets including Brazil, China, Mexico, Poland and Turkey. As part of this expansion, IBM plans to host SmartCamps in Rio de Janeiro, Shanghai, Mexico City, Warsaw and Istanbul.

 

 

 

 

 

The 3rd Irish Software Show 2011 - Date Announced Click Here


 

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