Latest news with #PatrickCollison
Bloomberg
3 days ago
- Business
- Bloomberg
Patrick Collison Speaks: It's Not the Internet's Fault
Stripe co-founder and CEO Patrick Collison speaks at the Reagan National Economic Forum in California on coding advancements in recent history. He says "the reason for the stasis in the domain of atoms" cannot be blamed on the advancements in the world of bits, and that "it's not the internet's fault." (Source: Bloomberg)
BreakingNews.ie
26-05-2025
- Business
- BreakingNews.ie
Stripe named as new sponsor of Young Scientist Exhibition
The Collison brothers, through their company Stripe, have become overall sponsors of the Young Scientist & Technology Exhibition (YSTE). Stripe has signed an initial five-year contract as title sponsor of the annual exhibition staged in Dublin's RDS. Advertisement The global financial services company, with dual headquarters in Dublin and San Francisco, takes over from BT Ireland, which was custodian, sponsor and organiser of the exhibition for the past 25 years. The announcement was made by the YSTE board which oversees the competition. Patrick Collison is a former YSTE winner and John Collison also won a category award at the exhibition in 2005. Patrick said the 'YSTE is a special institution for me and John. 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'. Advertisement Stripe was chosen 'for its clear vision for YSTE, its multiyear sponsorship commitment and its ability to support the large volunteer force required for delivery of an event of this scale'. YSTE chair Prof Pat Guiry congratulated Stripe on its selection. Ireland Stripe co-founder John Collison buys Abbey Leix es... Read More 'What really struck the board was the level of commitment and passion Stripe displayed in wanting to honour the legacy and vision Dr Tony Scott and Rev Dr Tom Burke created more than 60 years ago,' he said. 'We are confident Stripe will be exceptional partners in the years ahead – not only given [its] global reputation as a leader in tech innovation, but also given its strong connection to YSTE through Patrick and John Collison, who are both past participants in the competition, with Patrick taking home the overall top prize in 2005.' Founded by Dr Tony Scott and Rev Dr Tom Burke in 1965, the exhibition is a staple in the academic calendar every year. The event attracts about 40,000 visitors every year, making it one of the biggest events of its kind both in Europe and worldwide. The winners of the YSTE advance to participate in prestigious international events such as the European Union Contest for Young Scientists.
The Journal
26-05-2025
- Business
- The Journal
Stripe to sponsor Young Scientist Exhibition - 20 years after founder Patrick Collison's win
PAYMENT FIRM STRIPE has been unveiled as the new title sponsor of the Young Scientist and Technology Exhibition (YSTE), marking a full-circle moment for the company's co-founder Patrick Collison – two decades after he won the top prize at the event. The five-year sponsorship deal, announced today by the YSTE Board, sees Stripe take over from BT Ireland, which held the role of sponsor and organiser for the past 25 years. The value of the agreement has not been disclosed. Stripe, a global financial technology company with dual headquarters in Dublin and San Francisco, was selected following a competitive tender process. According to the YSTE Board, Stripe stood out due to its 'clear vision' for the exhibition, its dedication to promoting STEM education in Ireland, as well as its capacity to support the extensive volunteer network required for the event's success. Co-founded by Limerick-born brothers Patrick and John Collison, Stripe has become the most valuable company ever created by Irish founders, recently valued at €80.5 billion. Both brothers are past participants in the exhibition, with Patrick winning the overall prize in 2005 for developing a new programming language, and John earning a category award. 'YSTE is a special institution for me and John,' said Patrick Collison, now CEO of Stripe. '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.' Stripe co-founder Patrick Collison. Alamy Stock Photo Alamy Stock Photo Professor Pat Guiry, Chair of the YSTE Board, praised Stripe's commitment to the exhibition. Advertisement 'What really struck the Board was the passion Stripe showed for honouring the legacy of Dr Tony Scott and Rev Dr Tom Burke, the founders of the exhibition,' Guiry said. 'We are confident that Stripe will be exceptional partners in the years ahead.' Founded in 1965, the Young Scientist & Technology Exhibition has become one of the most popular STEM events in Europe. Held annually at the RDS in Dublin, it attracts over 40,000 visitors annually. Winners often go on to represent Ireland in major international competitions, including the EU Contest for Young Scientists. Dr Tony Scott, co-founder of YSTE, welcomed the new partnership. 'We are delighted to have Stripe on board. Their support ensures we can continue to inspire the next generation of innovators,' Scott said. 'It's crucial that we not only sustain the strong reputation of the exhibition but also evolve to meet the needs of today's young minds.' Minister for Education Helen McEntee TD paid tribute to former Young Scientist sponsors BT this morning. 'YSTE has become a cornerstone of STEM education in Ireland. I thank BT Ireland for their remarkable stewardship and look forward to seeing how Stripe will continue to empower students to explore new ideas and foster curiosity,' McEntee said. The online entry system for next year's exhibition is now open. It will take place from 7 to 10 January 2026, and the deadline for submissions is 26 September 2025. Readers like you are keeping these stories free for everyone... A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation. Learn More Support The Journal
Irish Examiner
26-05-2025
- Business
- Irish Examiner
Collision brothers' Stripe to sponsor Young Scientist & Technology Exhibition
Stipe is the new sponsor of the Young Scientist & Technology Exhibition (YSTE), 20 years after Stripe co-founder Patrick Collison was a winner at the prestigious STEM exhibition. Stripe has signed a five-year agreement and assumes the role of title sponsor for YSTE from BT Ireland who, up until this year, was custodian, sponsor and organiser of the exhibition for the past 25 years. Founded by Patrick and John Collison in 2010, Stripe has grown into one the world's top companies for digital payments, and is valued at $91.5bn (€80bn), employing around 8,500 workers worldwide. "YSTE is a special institution for me and John. 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," said Patrick Collison. The exhibition was founded by Dr Tony Scott and Rev Dr Tom Burke in 1965 and attracts more than 40,000 visitors annually, making it one of the biggest events of its kind both in Europe and worldwide. "Stripe's support ensures we can continue to inspire the next generation of scientists, technologists, engineers, and innovators. 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," said Dr Scott. The online entry system for the upcoming YSTE taking place from January 7-10, 2026 is already open.
Irish Independent
26-05-2025
- Business
- Irish Independent
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.'
