Publish Date: Friday, 11th November 2016
Bank of Ireland has today launched a new Workbench facility, designed to support startup companies and entrepreneurs, in Limerick city.
The new Workbench, located at Bank of Ireland’s O’Connell Street branch, will provide startup companies with a free space in which to work, hold events and meetings, and network and collaborate with other entrepreneurs.
The launch of Workbench sees the start of Bank of Ireland’s 15th National Enterprise Week and is part of the Bank’s ongoing strategy to support economic growth throughout the country by helping nurture a culture of entrepreneurship and enterprise.
The Limerick facility follows the launch of successful Workbenches in Cork, Dublin and Galway, and highlights Bank of Ireland’s confidence in the city and the region, strengthening its local presence and extending services to support startup business activity across Munster.
Speaking at the announcement, Richie Boucher, CEO Bank of Ireland said: “We are focused on fostering enterprise development and entrepreneurship, and a really effective way to do this is through our Workbench facilities. Having a free but professional environment to work from, alongside other entrepreneurs, is an invaluable practical support for entrepreneurs. Since they were introduced last year, Bank of Ireland Workbenches in Dublin, Galway and more recently Cork, have welcomed more than 13,000 visitors, hosted more than 250 events, and supported more than 500 startup enterprises.
“A number of significant FDI announcements have taken place in Limerick recently including Uber, located across from our branch on O’Connell Street, and US technology companies WP Engine and TruSource Labs. These all add to a vibrant entrepreneurial spirit in Limerick, and I am confident that this Workbench will further enhance the future growth potential of Limerick.”
The new Limerick Workbench facility will provide free walk-in desk space for 20 startups alongside mentoring from Bank of Ireland’s dedicated Innovation Team to help the startups develop and grow their businesses. The space will also host dedicated events such as Startup Weekend, Startup Grind and Founder Friday, all with the aim of supporting the development of new companies in the Limerick.
Welcoming today’s announcement was April Downing, CFO of WP Engine, Inc., which recently opened its first Irish office in Limerick: “When selecting the location for our offices in Ireland we were particularly impressed by the 'can-do' attitude displayed by Limerick. There was a unique level of cooperation between all the main city stakeholders. From the IDA & Limerick Council through to UL, LIT & Bank of Ireland, all parties worked together which made our choice all the easier. We are very keen to be actively involved in the city's startup eco-system and we're delighted to have joined Bank of Ireland last week in supporting Startup Weekend at the wonderful new Workbench space, which is a super addition to Limerick's city centre.”