Irish Research Council and NDRC announce National Research Startup Competition
Joint initiative encourages change from labs and libraries to lean startups
The Irish Research Council and NDRC (National Digital Research Centre) are collaborating in a national competition to find the most promising researchers from across all disciplines with great ideas for new business startups based on their research.
Both organisations will begin their search at the national Career Zoo professional and graduate employment event in Dublin’s Convention Centre this Saturday (22nd) where the Irish Research Council will also hold its National Research Symposium. www.careerzoo.ie
The joint initiative is designed to encourage Ireland’s researchers to identify if they can transfer research-inspired ideas from academia into the commercial world, to open up an entrepreneurial career option for researchers and ultimately, to get appropriate research to the point where it can attract commercial capital.
The Irish Research Council’s funding programmes identify and support Ireland’s most talented researchers in their career development across all disciplines from the humanities and social sciences to the sciences, technology and engineering. NDRC’s investment programmes enable innovators, entrepreneurs, researchers and companies to translate promising ideas and intellectual property into income generating products and high growth businesses.
The Irish Research Council and NDRC are now calling for applications to the Research Startup Competition. They will then select the top 15 researchers to take part in a six week NDRC programme, designed to shift their thinking from labs and libraries to ‘lean startups’, from basic research to business model, from methods to products.
NDRC helps start-ups to refine their product offering, research and identify their target markets, check their commercial and business projections and answer the requirements of the investment community who they will ultimately pitch to for funding.
At the end of the six weeks, the researchers will present in front of a commercially focused panel, to choose Ireland’s top commercial research prospect. Those that are able to determine a scalable business model and are interested in or ready to start a company will then have the option to move forward with NDRC to build their business.
NDRC works with researchers, postdocs and entrepreneurs to support the commercialisation of new inventions and good ideas. Over the last 5 years, NDRC has worked with and invested in almost 80 digital ventures, evaluated some 1,000 business ideas and facilitated over €5 m in follow on investments into NDRC supported ventures.
About the Irish Research Council
The Irish Research Council operates research funding initiatives across all disciplines which support Ireland’s most talented researchers in their career development across all disciplines at Master’s, PhD and Postdoctoral level. By funding the best and the brightest researchers in Ireland, the Council aims to demonstrate how creativity, excellence, curiosity, relevance and impact can go hand in hand for Ireland’s benefit. The Council recognises the importance of research and scholarship for all aspects of cultural, economic and societal development.