Categories: Web

IE Domain Registry launches €100,000 e-commerce development fund

The IE Domain Registry (IEDR) has today launched a new e-commerce website development fund aimed at Irish small and medium enterprises (SMEs) called OPTIMISE. The fund is worth €100,000 in total and hopes to encourage Irish businesses to realise the potential of selling online.

why.ie

Last November’s findings from the IEDR’s Domain Name Industry Report eluded to the fact that as of 2009 only 66% of Irish businesses had some form of website in place, increasing from 40% in 2000. Of the 66%, only 21% of those had the functionality in place to sell goods and services, a disappointing increase of just 3% since 2000. It is hoped that the OPTIMISE fund can improve on these results.

The fund, now inviting applicants, will allow ten Irish SMEs “to begin the process of transforming their existing online presence into a fully featured, transactional website custom-designed for their business’ needs”. The ten successful applicants will each receive €10,000 worth of technical and marketing expertise needed to plan and implement a major online store-front upgrade.

Commenting on the launch of OPTIMISE David Curtin, chief executive of the IE Domain Registry, stated,

“The .ie domain is highly respected both nationally and internationally and we want to see Irish businesses using it to make the most of the 24 hour sales channel that is the Internet. Our research shows that the next growth phase of the Internet in Ireland depends on the SME community here and their willingness to embrace new technologies to build better, fully featured e-commerce websites.

“Too many Irish SMEs are still reluctant to make that transition. We know that great websites attract people online and encourage them to spend more time consuming advertising, products and services. Until such times as SMEs in Ireland grasp this, they continue to lose competitive advantage by missing out on lucrative sales opportunities online.”

Applications are being requested from micro-enterprises or SMEs that have an existing and openly accessible website registered with a .IE domain. The closing date for applicantion is Friday June 03, 2011.

Albizu Garcia

Albizu Garcia is the Co-Founder and CEO of Gain -- a marketing technology company that automates the social media and content publishing workflow for agencies and social media managers, their clients and anyone working in teams.

Recent Posts

As US job openings hit a three-year low, Goldbridge.ai is helping candidates get ahead of the competition  

Going for an interview or writing a winning resume have always been tasks that require…

34 minutes ago

DARPA wants ‘smart bandages’ to sense, treat & prevent infections

DARPA is putting together a research program to develop bioelectronic "smart bandages" loaded with sensors…

24 hours ago

A new era of efficiency for North American power introduced as KYRO and LS Power Grid partner-up 

According to Ember, the US generates 41% of its electricity from clean sources, higher than…

2 days ago

Dark Web Monitoring and Data Integrity

By Tammy Harper, Senior Threat Intelligence Researcher at Flare When people think about dark web…

4 days ago

Solving electric vehicle charging challenges with off-grid innovation

The electric vehicle (EV) industry is growing with automakers and many governments pushing for further…

4 days ago

Silicon Valley’s Silent Ideological War

There's a war happening in Silicon Valley. Not the kind with missiles and tanks, but one…

4 days ago