Countdown on for start-ups to secure NDRC investment of up to €100,000

5 Apr 201787 Shares

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Image: Connor McKenna

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The clock is ticking for digital start-ups to apply for potential NDRC investment.

Budding entrepreneurs are being made aware of the 9 April deadline to join the Summer 2017 Accelerator Programme in Dublin at NDRC.

In addition to an initial cash investment of between €30,000 and €100,000 per venture, the programme provides start-ups with strategic business development advice and intensive mentoring by experts in digital enterprises, innovation, finance, investment, marketing and communications.

‘We invest in exceptional start-up teams who are at the early stages of developing a business proposition of global scale’
– BEN HURLEY

Entry to all NDRC programmes is competitive and initial applications should be made online by 9 April.

Big investors have backed NDRC start-ups

More than 50pc of the companies that NDRC supports go on to receive follow-on investment.

It is currently ranked as the number one university business accelerator in Europe, and number two in the world by international benchmarking group UBI Global.

“We invest in exceptional start-up teams who are at the early stages of developing a business proposition of global scale,” said CEO Ben Hurley.

“A digital technology focus does not necessarily mean a founder has to have a background in technology; it means they have a digitally based solution to a problem.

“As a result, we are looking for founders from a variety of backgrounds – industry, corporate and research.”

NDRC’s portfolio of digital companies over the last 10 years includes Nuritas, Logentries, Bizimply, Boxever and SilverCloud.

These companies went on to receive further support from international investors including Facebook co-founder Eduardo Saverin and Bono. Typically, less than 10pc of those that apply to NDRC secure a place.

Shortlisted applicants will be invited to pitch between 15 April and 22 April.

Offers will be made in the first week of May, and the programme will commence on 5 June.

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Editor John Kennedy is an award-winning technology journalist.

editorial@siliconrepublic.com