New companies join one of Europe’s leading accelerators.
The NDRC (National Digital Research Centre) has invested €675,000 in five promising new start-ups spanning the realms of health, aquaculture and autotech.
The ventures in the latest cohort will receive an investment of €135,000 each. €100,000 of this is cash and the remaining €35,000 is in value-added supports.
‘Following a successful first decade of investing, this latest cohort of businesses brings the number of companies NDRC has invested in close to the 300 mark’
– BEN HURLEY
Based at its Digital Exchange offices in Dublin’s iconic Liberties district, the start-ups will work with the team over the course of the extended six-month programme, helping them move towards attracting further private investment.
Greater regional focus
NDRC said it invested in 32 new start-ups during 2018, and the number of companies in its portfolio has grown to nearly 300 in the 11 years since its foundation.
The accelerator said it will be investing in more businesses later this year, with a second Dublin accelerator. NDRC at PorterShed in Galway is due to commence in the coming weeks and the centre is currently sourcing ventures for NDRC at ArcLabs in Waterford.
“It’s great to welcome this latest cohort into NDRC, with our refined investment model seeing these companies backed with greater funds to help bring them on to the next stage of development,” said NDRC CEO Ben Hurley.
“Bringing a start-up from an idea right through to being ready for investment is a challenging process. With our proven expertise and focus, NDRC is here to help with that progression.
“Following a successful first decade of investing, this latest cohort of businesses brings the number of companies NDRC has invested in close to the 300 mark,” Hurley said.
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