TSSG Spin out company Nubiq Wins Investment Driven Pitching Competition in Silicon Valley

Irish mobile Web services company, Nubiq ltd, hit Silicon Valley with a bang this week when they received first place in a pitching competition to a panel of five local venture capital firms. The event, organised by Enterprise Ireland, put the five participating Web2.0 companies through their paces and judged their ability to endure the “Dragons Den” like test.

Nubiq, a member of the tech fanatic tycoon group christened “Paddy’s Valley” visiting Silicon Valley this week, received the award for their two minute business pitch, which was followed by a four minute questions and answers session.

Commenting, Helene Haughney, CEO - Nubiq, said, “This is a very encouraging outcome for Nubiq, the mobile web space is really heating up and investors are looking to capitalise on what has been dubbed “the next big thing”. We will be going after funding in early 2008, so it is great to get positive feedback from such reputable venture capitalists.”

The innovation driven group were greeted by Mr. Michael Collins, Irish Ambassador to the United States, who welcomed the group to California and supported their endeavours in Silicon Valley.

Also commenting at the event, Dr. Maggie Daleo, Senior Vice President New Media, Entertainment and Telcoms - Enterprise Ireland, said, “Nubiq is a prime example of the exciting, new mobile technologies coming out of Ireland. Their dynamic technology will re-define the mobile content discovery industry”.

It has been a busy few months for this up and coming mobile Web services start up, who recently announced a partnership with O2 Ireland and just this week launched a new version of their mobile website creation service– Zinadoo.com.

About Nubiq:

Nubiq Ltd. is a spin-out campus company from 3CS, a research and innovation centre attached to the TSSG in Waterford Institute of Technology (WIT). Nubiq develops software solutions that enable communities to use mobile technology in their business and social lives. Nubiq is an active member of the dotMobi Advisory Group, an accredited independent not for profit organisation forum.

For further information:
Hélène Haughney (hhaughney@nubiq.com)
Tel: +353 86 8504 947
Nubiq Website
Nubiq Mobile Website