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Bank of Ireland Opens Its New Fintech-Focused Startlab

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According to Irish Times, Bank of Ireland has opened a dedicated incubator space for start-up companies above its branch on Camden Street in Dublin city centre.

Called StartLab, the facility spans 4,500sq ft over two floors above the branch, and offers office space, meeting rooms and video-conferencing technology for start-ups.

It is part of a €10 million investment by Bank of Ireland in its branch network and was opened on Friday by its new chief executive Francesca McDonagh to coincide with the launch of its 17th national enterprise week.

The bank has provided desk space for 50 people, which it expects will accommodate about 15 start-up companies. There will also be an event space that can hold 70 people.

The newly opened office space will have its own front-door entrance, allowing the start-ups to use the premises outside normal banking hours. The ground floor of the branch now provides self-service banking, with no over-the-counter transactions.

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