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.

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, the co-founder and chief executive of Stripe, 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”.

The YSTE was founded in 1965 and attracts on average more than 40,000 visitors, making it one of the biggest events of its kind worldwide. Photo: PA

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.

“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.