March 19, 2015: At SXSW, Organizers announced that the Capital Factory will team with an Irish Incubator to promote the startups from both the U.S and Ireland.
Dublin based 'Gravity center' schedule to open it's services in April, it will provide the mutual services to Austin Incubators in a joint effort to promote startups and mid-scale enterprises. The agreement between the two will allow startups to use the facilities of both Austin and Dublin offices when visiting each other. The qualifying expanding companies will also get the preferential reviews to become the part of the accelerator and market access programs, and support the services of each incubator.
Capital Factory launched in 2009 is a popular technology based company initially started as summer accelerator program for entrepreneurs expanded itself to provide co-working space for startups and enterpreneur-based events. Currently, the company has 650 members and host more than 350 startups.
The initial meeting between the two companies happened during the opening of Irish consulate and visit of the Irish Prime Minister. This partnership will serve as a window for US based tech companies to expand their services in Europe.
Source:BizJournals.com
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