Derry firm triumph at SXSW

A Derry business has been named in the top 20 innovative UK business at the world famous South by Southwest (SXSW) media festival in Texas.

Seedups, a crowd-funding platform for technology entrepreneurs, is owned by leading local businessman Michael Faulkner who also owns Derry’s Euroxchanger outlets.

Speaking to The Sunday Journal from Austin, Texas yesterday afternoon, Mr. Faulkner said he was over the moon with his company’s accolade.

“It’s a real honour to be recognised at the SXSW conference as one of the top UK businesses - it’s great news for innovative businesses in Derry,” he said.

“This is after all the same conference where Twitter was launched several years ago and I don’t need to tell you how successful they have gone on to become.”

Mr. Faulkner, Seedups Technical Operator Gavin McLaughlin and Online Community Manager Connor Doherty travelled to the SXSW conference last year.

Mr. Faulkner added that this year’s conference has been much more fruitful.

“To have Seedups recognised as one of the top innovative businesses in the UK is a massive step forward for our company.

“If everything goes according to plan I’d be hopeful that the name Seedups would become better known throughout the world.”

It’s expected that the Seedups business will expand further in the USA in 2012 after the House of Representatives passed an act which makes crowdfunding legal. Essentially, the new bill will allow entrepreneurs to seek investment by selling equity in their company to a large pool of investors.

For more information visit www.seedsup.com or follow on Twitter @Seedups