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NewsEntrepreneur in residence for CIT
Entrepreneur in residence for CIT
13.07.2010
Cork Institute of Technology (CIT) has appointed its first-ever entrepreneur in residence – Kieran Moynihan, who will take up the role in September.
A dynamic and experienced entrepreneur and executive with a strong track record in the technology sector, Moynihan will be based at the Rubicon Centre and on the main campus.
He will be available to undergraduates, post grads, staff and CIT enterprise development programmes.
Central to the role will be further raising the awareness of entrepreneurship in general across CIT; identifying key market and technology trends and areas which are receiving substantial investment financing, as well as a series of guest lectures to undergraduates.
Co-founder of Comnitel in 1999
Moynihan co-founded Comnitel, a telecoms software company in 1999 and led the company as CEO from initial start-up through a $30 million series of fundraising with leading international venture capitalists.
After completing the CIT-led Genesis Enterprise Programme in 1999/2000, Comnitel merged with Metrica and WatchMark to form Vallent, a 450-person global company with annual revenues of around $65 million.
From 2003 – 2007 Moynihan was chief technology officer for Vallent up to the acquisition of the company by IBM in 2007. He then took on the role of vice president and CTO for Telecoms for the IBM Tivoli division and has also been a key strategist and visionary for IBM’s overall telecoms business worldwide.
He is now working as a management consultant specialising in providing support to early-stage and mid-size companies in the area of company strategy, go-to-market, fundraising, executive coaching, mergers and acquisitions and exit strategies.
A hands-on, practical approach
“The leveraging by CIT of the entrepreneurship-in-residence model, which has been highly successful in the US, is complementary to the vision CIT has demonstrated in its partnership with Enterprise Ireland in the Genesis start-up programme,” he said.
“I have a very hands-on approach and want to make this very practical – key areas will be the support of the overall commercialisation process in CIT including reviewing current commercialisation and patent activity as well as providing a friendly and accessible sounding board for students and staff to test start-up business ideas”.
This September also sees the introduction at CIT of an MBS Stream in Innovation and Enterprise.
Photo: Kieran Moynihan
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