- NDRC’s latest cohort brings total number of portfolio ventures well beyond 250-mark
- NDRC investing up-to €650,000 in capital in latest cohort of startups
- Ticketing software, cyber-bullying solutions, blockchain and fashion-tech feature
NDRC, which sources and builds digital startups to invest in and work with, has unveiled the latest cohort of innovative new businesses to enter its accelerator programme.
NDRC is investing up to €650,000 in the latest cohort of start-ups. Featuring founders from Dublin to Donegal, the UK to Taiwan, the Spring 2018 programme will run for 12 weeks, with NDRC building on a solid 2017 to further prepare these start-ups for follow-on investment.
Based at NDRC’s Digital Exchange offices, the startups will work with the NDRC team over the course of the pre-seed accelerator phase, helping them move beyond a good idea into building a team and a business that can attract investment and grow.
Ben Hurley, CEO, NDRC: “It’s great to welcome the latest cohort into NDRC, where we can already see some very interesting ideas and business opportunities.
“Developing a startup 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 process.
“A good mix of entrepreneurs in this Spring programme will lend itself to an interesting dynamic, with international influences from as far afield as Taiwan being sure to add to the experience.
“We’re also delighted to see entrepreneurs emerging from the third-level sector, with DIT’s New Frontiers, Letterkenny IT’s New Frontiers and the Learning and Innovation Centre in IT Blanchardstown being three such initiatives feeding into our current investment cohort.
“We’re looking forward to seeing how this group of startups, with some unique, novel approaches to digital business - including cybersecurity, fintech, ticketing and even reputation management included - develop over the coming months.”
Having invested in 28 new startups during 2017, the number of companies in NDRC’s portfolio has now exceeded 250 in the decade since its foundation. With ten years’ experience, NDRC’s success is built on finding very early stage companies and teams at concept stage, with the potential to grow internationally.
NDRC’s portfolio of companies include Tandem, SilverCloud Health, Newswhip, Boxever and Nuritas. Each of these have gone on to secure millions of euro in follow-on-investment, and are continuing on their successful paths to growth.
With funds of more than €40 million under management to date, NDRC has a mandate from the Department of Communications, Climate Action and Environment to make these investments; ensuring digital entrepreneurship is a vibrant and growing part of the Irish economy and helping position the country to compete internationally.
The ten new companies joining NDRC’s Spring Programme comprise of:
- Genuid’s platform provides UID tagging and track-and-trace solutions allowing customers to bind UIDs to various apps and have visibility over their global supply chains.
- Evidential.tech bridge the gap between the new and exciting world of blockchain and the demanding requirements of enterprise business systems.
- Evopass develops mobile-first ticketing software to control how tickets for live events are resold to reduce ticket touting and fraud.
- Depublish combines technology with legislation to quickly determine if content is wrongly published and builds highly targeted products around that core function to limit harm caused by cyber-bullying, online defamation and hostile campaigns.
- UrbanFox protects retailers and reduces online payment fraud by analysing online fraudulent behaviour.
- SparroWatch is developing low powered smart camera systems that can be deployed cost effectively in any location.
- SKMMP is a showroom for fashion collections, providing a platform for ambitious luxury and medium priced fashion brands who want to scale their business dually with wholesale and a ‘See Now Buy Now’ distribution model.
- Cerebreon Technologies is a data analytics company, providing insolvency firms with better tools to manage their cases and drive profitability.
- Advanced Radio Mapping is Google Analytics for the physical world, using sensor tech and machine learning to help customers track event performance and effectiveness of spend at events. Already we’re working with customers to analyse 2 million attendees at 25 events in 15 countries in 2018.
- InvizBox is a world leader in highly configurable yet easy-to-use privacy devices. Headquartered in Dublin, Ireland, the company has a range of devices offering hardware VPN protection for home, office and mobile use.