logo
Payments firm Stripe replaces BT as sponsor of Young Scientist Exhibition – 20 years after founder Patrick Collison won top prize

Payments firm Stripe replaces BT as sponsor of Young Scientist Exhibition – 20 years after founder Patrick Collison won top prize

The value of the five-year deal has not been disclosed. Stripe succeeds BT Ireland, which ended its sponsorship this year after 25 years.
In 2005, Stripe co-founder Patrick Collison won the competition for a project that included the creation of a new programming language.
His younger brother and Stripe's other co-founder, John, also won a category award at the event.
Stripe is now worth $91.5bn (€80.5bn), the most valuable company ever created by Irish founders.
'[This] is a special institution for me and John,' Mr Collison said.
'It amplified our curiosity and reinforced our confidence at a critical juncture. We're honoured that Stripe has been selected to help preserve it for generations to come.'
'It's very rare to find a youth science event that captures the imagination of a whole country
The competition is in its 60th year, founded by Dr Tony Scott and Rev Dr Tom Burke in 1965. With an average of more than 40,000 visitors each year, the annual winners participate in international events such as the European Union Contest for Young Scientists.
The sponsorship deal was the subject of a competitive selection process, according to the YSTE.
'[Stripe's] support ensures we can continue to inspire the next generation of scientists, technologists, engineers and innovators,' co-founder Dr Scott said. 'It's vital that we not only sustain the strong reputation and level of interest in the exhibition year-on-year, but continue to evolve and engage young inquiring minds in new and meaningful ways for years to come.'
The online entry system for the 2026 Young Scientist & Technology Exhibition, open to secondary school students aged 12 to 19, is open for submissions.
Deadlines for submissions, the organisation says, will close on September 26 of this year.
'It's very rare to find a youth science event that captures the imagination of a whole country,' Eileen O'Mara, Stripe's chief revenue officer, said.
'YSTE propels many students into a lifelong career in Stem and strengthens Ireland's science and technology ecosystem. We are delighted to be chosen as title sponsors of the exhibition and look forward to working with the YSTE team and board to continue inspiring young people with the power of science.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Eddie Hearn: 'I just don't think the people at Croke Park are massive fans of boxing'
Eddie Hearn: 'I just don't think the people at Croke Park are massive fans of boxing'

The 42

time40 minutes ago

  • The 42

Eddie Hearn: 'I just don't think the people at Croke Park are massive fans of boxing'

EDDIE HEARN BELIEVES that only a fight at Croke Park would motivate Katie Taylor to box again, but the promoter is not particularly optimistic that he will get the opportunity to stage an event at the home of GAA. After Taylor closed the book on her rivalry with Amanda Serrano at Madison Square Garden, New York, earlier this month, the 39-year-old was for the first time non-committal on her future, admitting during her post-fight press conference that she would consider retirement having definitively seen off her career nemesis. A Taylor fight at Croke Park was initially explored following the Bray woman's first victory over Serrano at MSG in April 2022. However, Croke Park's rental cost and a lack of financial support from the Irish state — ministerial changeovers in the years since have partly contributed to the latter — have dissuaded Matchroom from pushing forward with the event. The 42 understands that the total cost of a fight night at Croke Park would be somewhere in the region of €1.1 million, which is more than twice what Matchroom have paid to stage equivalent events at London's Wembley Stadium or the Principality Stadium in Cardiff. Hearn's efforts to secure financial support from the Irish government to offset some of that difference have so far reached only dead ends, while Croke Park Ltd and its commercial director, Peter McKenna, have held firm with their pricing model. Advertisement And speaking in Belfast as he launched the first ever all-Irish world-title fight between Lewis Crocker and Paddy Donovan, who will meet at Windsor Park on 13 September, the Matchroom chairman expressed his belief that Croke Park Ltd were simply not enamoured by the idea of hosting a boxing event at Ireland's most iconic stadium. 'When you look at Croke Park, I just don't think the people there are massive fans of boxing,' Hearn said. 'I think they're fans of Katie Taylor, but I just don't think they really like boxing. But Katie Taylor is beyond boxing. 'I mean, she's sport — but she's also history and heritage, and probably one of the greatest ever athletes from that country. 'Now you see the sports minister (Charlie McConalogue) saying after she beat Serrano, 'Yeah, we should look at bringing Katie Taylor to Croke Park'. 'We don't want handouts. We just want parity between Croke Park and Wembley Stadium in terms of the cost being the same. 'But I don't know if she'll fight again,' Hearn said of Taylor. 'It probably is 50-50. And it's the first time I've ever heard her say, 'if I fight again'. 'But I think if we could go to Croke Park, that would certainly maybe twist her arm.' Welterweights Crocker and Donovan will fight at the home of Northern Irish football for the IBF welterweight world title in September in a rematch of their compelling, controversial initial meeting at Belfast's SSE Arena in March. Crocker, who won the original bout via disqualification when Donovan dropped him after the bell had sounded to end the eighth round, will again be the hometown boxer as he seeks to become Northern Ireland's first world champion since Carl Frampton. And Hearn credited the Northern Irish football association (IFA), Windsor Park stakeholders, and the Northern Ireland Executive who are all expected to contribute financially to September's sporting occasion in Belfast. 'We never want a handout. We just want a partnership where we can receive support to make it as big an event as we'd like to,' Hearn said. 'The Irish FA, the government, and Windsor Park realised the magnitude of this event and how great it could be — especially for a local boy like Lewis Crocker, but also the history of fighting for a world championship.'

FED Tax break for foreign businesses asked to be extended
FED Tax break for foreign businesses asked to be extended

Irish Post

timean hour ago

  • Irish Post

FED Tax break for foreign businesses asked to be extended

THE IRISH Department of Finance is facing calls to extend the Foreign Earnings Deduction (FED), a tax incentive aimed at promoting Irish business growth in overseas markets. The FED allows Irish tax residents who spend time working in specified countries abroad to reduce their income tax liability. The relief can be applied to up to €35,000 of income annually, potentially saving an individual up to €14,000 in taxes each year. To qualify, a person must spend a minimum of 30 days working in one of the eligible countries within a single tax year. First introduced in 1994, the FED was discontinued in 2003 but later reinstated in the 2012 budget by then-Finance Minister Michael Noonan. At the time, the measure was framed as part of a broader initiative to help Irish companies access and grow in emerging markets. Initially covering just five nations—Brazil, Russia, India, China, and South Africa—the scheme has expanded over the years to include 30 countries. Additions have focused on Asia and the Middle East, with Singapore, South Korea, Saudi Arabia, Qatar, and Bahrain now among the eligible destinations. The United Arab Emirates currently sees the highest usage of the relief. The eligibility criteria have also changed. Originally requiring 60 qualifying days abroad, the threshold was lowered to 40 in 2015 and further reduced to 30 days in 2017 to make it more accessible. According to figures from 2022—the most recent data available—the relief cost the state €3.2 million. That year, 447 individuals claimed the deduction, down from 720 in 2019. However, it remains unclear to what extent the pandemic influenced this drop. The Department of Finance is currently conducting a full review of the FED, with results expected ahead of the budget announcement on October 7. Finance Minister Paschal Donohoe is expected to reveal any proposed changes at that time. Stakeholder consultations form a key part of this review process. According to the Tax Strategy Group, industry feedback so far highlights the importance of FED in encouraging international expansion. Many stakeholders have called for not only a higher level of relief to better support overseas assignments but also an expanded list of qualifying countries to reflect shifting global trade dynamics. The same report from the Tax Strategy Group stated that in light of the uncertain global economic conditions, diversifying trade routes is more critical than ever for Ireland's economic resilience. Speaking at the National Economic Dialogue, Foreign Affairs and Trade Minister Simon Harris echoed this sentiment, stating that trade diversification is becoming increasingly essential. 'There's a real opportunity to be more ambitious in how we explore and enter new markets,' he said. 'This includes efforts within the EU, post-Brexit UK engagement, and tapping into global opportunities. We're supporting Irish exporters to grow their international footprint and make use of existing EU trade deals.' As businesses face rising costs and geopolitical uncertainty, expanding access to tax incentives like the FED could prove to be a timely move in supporting Ireland's global trade goals.

Warm weather in June saw gas demand drop 9%
Warm weather in June saw gas demand drop 9%

Irish Examiner

time2 hours ago

  • Irish Examiner

Warm weather in June saw gas demand drop 9%

Warm weather in June saw gas demand in Ireland fall 9% last month compared to May, and 7% lower than in June 2024, figures from Gas Networks Ireland show. June 2025 was the fourth warmest June on record, despite wet conditions. Gas generated 36% of Ireland's electricity in June, down from 40% in May and 42% in June 2024. Gas use peaked at 90% of all energy required in June and never dropped below 14%. Wind energy accounted for 30% of electricity use for the period - up eight percentage points from 22% in May — and ranged from less than 1% to a peak of 75%. Gas demand across most sectors saw year-on-year declines in June, with 21% reductions in residential use, largely driven by the warm weather which reduced heating needs. However, compressed natural gas (CNG) demand grew by 26% year-on-year. Made by compressing natural gas down to less than 1% of its volume, CNG is a more environmentally friendly fuel than petrol or diesel and is used extensively in the Irish haulage industry with a cleaner alternative fuel option. 'While overall gas demand typically dips over the summer months, it remains central to the resilience of Ireland's energy system. June's data again illustrates how gas consistently supports electricity generation during periods of low wind, helping to keep the system secure and balanced," said Gas Networks Ireland's director of strategy and regulation Edwina Nyhan. "The steady growth in demand for CNG, including a 26%increase in June year on year, reflects continued momentum in decarbonising the transport sector. This progress is further supported by recent developments such as the opening of a new public CNG station in Dublin and the launch of the GRAZE vehicle grant scheme, which is already generating strong interest from fleet operators. "At the same time, we are making important strides in supporting the build out of the biomethane industry, including the recent signing of a Memorandum of Understanding with CycleØ to help connect new biomethane production sites to the gas network.' Gas Networks Ireland operates and maintains Ireland's €3bn, 14,725km national gas network. Almost 725,000 Irish homes and businesses use natural gas.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store