Voting has begun – follow progress

December 1st, 2009

The final list of applications is live and the voting process has begun. Brian O’Kane made a great suggestion and we’re running with it for this round of Outvesting.

All Outvestors receive 50 points each (equating to the €50 they each outvested), such that a maximum of 5000 points (50 x 100) is available. They allocte their points to the applicant companies as they choose — all 50 to one company, or 10 to each of five, or one to each to 50, or however. If a company receives more than 2500 points, it is automatically the winner and receives the €5000. If two or more companies each receive more than 1000 points (only four companies could receive more than 1000 points), there’s a second round of voting between these companies. Otherwise the top 10 companies go to a second round.

Votes are to being submitted via Twitter and you can follow progress here.

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Submissions Closed

November 24th, 2009

The submission process is now closed, and we are delighted to have received 60 entries for the Outvesting fund.

You can see a raw dump of the submissions in this Google spreadsheet.

We will be publishing the entries on the blog in a more digestible format over the coming days, and when we have them all published the voting process will begin.

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Open for applications – Press Release

November 2nd, 2009

FOR IMMEDIATE RELEASE

Online campaign seeking start-ups for €5,000 donation

NEWCASTLEWEST, CO. LIMERICK – OCT 30, 2009: 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 in the space 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.

About Outvesting:

Outvesting.org was founded in September 2009 by James Corbett and John Keyes as an online campaign to raise funding for entrepreneurs and start-up companies. The idea was generated as one response to the general dissatisfaction amongst entrepreneurs with the lack of appropriate angel funding and state supports in Ireland.

Contact:

James Corbett, co-founder
Outvesting.org
Newcastlewest
Co. Limerick

Phone: 087-3207756

Web: http://www.outvesting.org

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