Commerce Grad Scoops Emerging Entrepreneur of the Year Award
Friday, 2 November 2012
Paul Kenny NUI Galway Bachelor of Commerce graduate has been praised at a glittering business awards event held recently for his “awe-inspiring” vision, innovation, and commercial achievements.
The comments were made at the 15th annual Ernst & Young Entrepreneur of the Year awards at the City West Hotel in Dublin last Thursday where former student Paul Kenny was announced the winner of the ‘Emerging’ category for his online coupon company, Dubai-based Cobone.com
Speaking at the awards ceremony Frank O’Keefe, Ernst & Young partner-in-charge of the Entrepreneur of the Year programme, said: “It is a privilege to have publicly celebrated Paul’s incredible achievements together with our other 2012 finalists. These awe-inspiring entrepreneurs and innovators are proven winners and significant job creators.
“By developing Cobone.com and Digiweb from their earliest incarnations to the international businesses that they are today, Paul has created enterprises that have become major players within the global e-commerce and telecoms sectors. Paul acknowledges the part his education in NUI Galway has played in his success saying “The Bachelor of Commerce gave me the basis of what I have achieved today” and that “NUI Galway not only gives you an excellent education but also gives you the platform to compete on a world level.”
“Digital marketing entrepreneur Paul Kenny founded Cobone.com in 2010 at the age of just 25 and in the two years since the business has achieved phenomenal growth - in excess of 30 per cent, month-on-month, to become the leading daily deal website in the Emirates and break all e-commerce records in the Middle East and North Africa region.”
Following a family holiday in Dubai, Mr Kenny received a number of job offers and soon established a fine reputation in online marketing. Having successfully secured seed funding from Jabbar Internet Group, the Cobone.com business began by offering online, daily deal ‘coupons’ to consumers within the United Arab Emirates for products and services. From the outset, Cobone.com grew rapidly, soon becoming a leading daily deal website and breaking all e-commerce records in the Middle East and North Africa (MENA) region. As of April 2012, Cobone.com had saved its customers more than $50 million and sold almost one million coupons.