Business Marketing Group and Bolton Trust of Ireland Announce Trans-Atlantic Partnership.Business Editors BOSTON--(BUSINESS WIRE)--May 9, 2000 Agreement provides accelerated path for Irish high-tech startups to partner with firms in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and BMG BMG Bundesministerium für Gesundheit (Germand: Federal Ministry for Health) BMG Be My Girl BMG Blue Man Group BMG Bertelsmann Music Group BMG Be My Guest BMG Browning Machine Gun BMG Bulk Metallic Glass as the exclusive entry point for partner development Business Marketing Group (BMG), a North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. outsourced partnering firm, and the Bolton Trust of Ireland, the US arm of Docklands Innovation, the largest incubator in Ireland, today announced that the two organizations have entered into an exclusive agreement which will accelerate the partnering process for Docklands Innovation portfolio companies. At an Irish Technology symposium in Boston, representatives from a number of participating Irish startups were introduced to the partnering development strategies that BMG has developed and evolved as the nation's first outsourced partnering firm. With a partnering success rate of more than 95 percent, BMG has successfully forged alliances between a myriad of high-tech startups and industry heavyweights such as Microsoft, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. , NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. , Sony, SAP, Philips and Amazon.com. These deals have included licensing, distribution, strategic investment, joint venture and development agreements as well as acquisitions. Based in Dublin, Ireland, Docklands Innovation provides a range of services to the current generation of dynamic Irish businesses. Enterprise development programs, incubation space and facilities, business counseling, funding and access to R&D expertise are all part of the package which allows these entrepreneurs to start up and grow global businesses. In addition, through its network, Docklands Innovation helps the enterprises access markets, strategic partners and venture capital. To date the Docklands Innovation team has helped to launch over 250 businesses through its start-up program and supported a further 50 companies under the Fast Growth Program. Early stage companies within the Docklands Innovation portfolio have the opportunity to access `seed' funding through the organization's Small Enterprise Seed Fund. The Docklands Innovation portfolio companies attending today's conference included: Silicon Vista (www.siliconvista.com) - Innovators of Real-Time 3D Design esmart (www.esmart.com) - Online Business Training Provider Spin Solutions (www.spinsol.com) - Customized Business Solutions for Active Database-Supported Web site Providers Alphacare (www.Alphacare.ie) - (under construction) - Healthcare / Stress Management Software Provider As Ireland continues to make advances in e-business, U.S. companies are establishing alliances with Irish Government Agencies to create a competitive infrastructure. Hewlett Packard, Siemens, Oracle, Novell and Kodak are among the many U.S. corporations that have opened facilities in Ireland. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Business Ireland, these companies are estimated to provide approximately 1,500 new jobs in Ireland this year while making contributions to Ireland's quest for Verb 1. quest for - go in search of or hunt for; "pursue a hobby" quest after, go after, pursue look for, search, seek - try to locate or discover, or try to establish the existence of; "The police are searching for clues"; "They are searching for the e-commerce leadership. This Ireland-U.S. high-tech coalition will culminate culminate, in astronomy, the maximum height in the sky reached by a celestial body on a given day. At the culminate the body is crossing the observer's celestial meridian and is said to be in upper transit. Ireland as Europe's gateway to high technology in North America. "Our objective is simple," said Sarah Gerdes, BMG president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Simultaneously educate and groom our clients so they are prepared to make the right partnerships and then fiercely accelerate that partnering process. What might have taken a company 18 months to negotiate on its own, we oftentimes can bring to closure in as little as 90-120 days. The old adage of time being money has been transformed by the Internet economy The Internet Economy refers to conducting business through markets whose infrastructure is based on the Internet and World-Wide Web. An Internet economy differs from a traditional economy in a number of ways, including: communication, market segmentation, distribution costs, and price. to `time is frequently the difference between corporate life and death.'" BMG will provide Bolton Trust startups with preferred advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal as well as consultation and mediation through the partnering process. Together, BMG and Bolton Trust will have joint advertising, public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most and seminars in both Ireland and North America. "There really is no other company in North America that has the partnering expertise which BMG offers. We opened our office in Lowell, Mass., last October and the potential that this alliance can offer our members represents a tremendous leap forward for companies out of Docklands Innovation," said Cairin O'Connor, President of Bolton Trust of Ireland. The BMG/Bolton Trust agreement is the first in what Gerdes states will be a succession of ongoing international relationships between BMG and other foreign incubators. "There are so many truly exciting technologies being pioneered outside North America. It's a professional honor to be able to assist these entrepreneurs in quickly exporting their wares to the big leagues, where success can be realized at such a higher and accelerated level," said Gerdes. Bolton Trust of Ireland (www.boltontrust.org) owns the oldest and largest incubator in Ireland, established in 1987 by academic staff of the Dublin Institute of Technology The institution is currently planning a single campus, the Grangegorman Campus, thus moving from its many city centre locations which has often been a source of criticism. . The organization has created a sustainable support and growth process for Irish high-tech enterprises by harnessing the resources of its members to assist in this endeavor. Bolton Trust of Ireland has recently opened its first U.S. office in Lowell, Mass., to assist clients from its Dublin incubator centers. Docklands Innovation Dublin has created a 150,000 square feet of enterprise space in the heart of Dublin's Docklands with the mission of securing the business and economic regeneration, by providing financial, space, informational and educational support. Business Marketing Group Inc. (www.bmginc.com) is an outsourced partnering firm. Providing a broad set of services, BMG has consulting, analyst and development business units, which have been utilized by Fortune 50 firms and startups alike. BMG is headquartered in Kirkland, Wash., and maintains offices in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden and Boston. President and CEO Sarah Gerdes has most recently been appointed to the faculty of Babson College Babson College, located in Wellesley, Massachusetts (zoned as "Babson Park," ZIP code 02457),[1] is a private business school that grants all undergraduates a Bachelor of Science in Business Administration. The F. W. , where she is developing a curriculum that will provide hands-on learning experience for students to work together to develop creative strategies for forging alliances. The names, logos and taglines identifying Business Marketing Group services are proprietary marks of Business Marketing Group. Other products and company names mentioned herein may be trademarks of their respective owners. Editors' Note: Sarah Gerdes and Cairin O'Connor are available for interviews in Boston on May 10 and 11, 2000. Please phone Michiko Murakami at 425/889-0528, ext. 144. In-person or phone interviews can be arranged. |
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