Fifteen promising start-up ventures, selected from a competitive field of over 70 Irish and international applicants, have started into NDRC’s Launchpad accelerator programme for digital start-up enterprises. NDRC’s Launchpad investment programme will culminate in May with a competition for a follow-on investment sourced from VC’s and angels. NDRC is investing up to €20,000 in each start-up to support the founders during the programme.
The start-ups include businesses with diverse applications for digital technology ranging from medical training simulators to music analytics systems and apps for people with eating disorders. Projects include cloud based customer service applications and systems for learning management, car sharing, urban planning and restaurant management. Other concepts include a social media strategy tool, children’s travel review site, education management tools and pharmacy management software.
Following the competitive selection process, NDRC Launchpad participants have started a three month intensive mentoring and advisory programme alongside other start-ups, innovators, engineers and investors. At the end of this period, the start-up promoters will pitch for follow-on investment.
NDRC Launchpad Director Gary Leyden said: “These are new ventures headed by talented entrepreneurs with very innovative ideas. Their future success depends on the ability to convert their projects from ideas into income, creating scalable business models and this is where NDRC has the expertise and experience to actively support them. A priority for NDRC will be to prepare and bring these start-ups to the attention of the investment community to create further value and opportunity.”