5k donation for a lucky startup

2nd of November 2009 by admin

Outvesting.org, the online campaign which has raised a €5,000 fund through donations on Twitter is now seeking applications from Irish entrepreneurs. The entire fund will be gifted, no strings attached, to one lucky start-up after a review and voting process.

“We simply asked people to pledge €50 each in the hope that one hundred others would do likewise. Those pledges came rolling in and over the course of four weeks were converted to donations amounting to the target €5,000″, said John Keyes, one of those behind the project.

Applications can be submitted to the Outvesting.org website until November 21st and the winner will be announced on December 7th. Those who donated to the fund will review applications and vote on the start-up with best potential.

“There’s obviously a groundswell of opinion that entrepreneurs should do more to help ourselves at this time of banking and economic crises. We just tapped into the generosity and goodwill that exists within the start-up community in Ireland”, said James Corbett, the other half of the Outvesting team.

Congratulation to John and James for a brilliant idea – and best of luck to all the entrants.

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One Response to “5k donation for a lucky startup”

Thanks Fergus. And thanks to all the supporters who have turned a simple idea into something that can actually make a difference to one startup.