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NDRC at PorterShed Accelerator launched in partnership with Enterprise Ireland

 

Enterprise Ireland Accelerator NDRC@PorterShed Photo Iain White / Fennell Photography

Gary Leyden, Commercial Director, NDRC, Maurice O’Connor, Chairman, GCID, Ben Hurley, CEO, NDRC and John O’Dwyer, Head of Investments and Innovation, AIB

Launch of first regional accelerator to support startup capability, infrastructure and capital investment both regionally and nationally

 

Tuesday 2 May 2017 – NDRC, the investor in early stage digital and technology startup companies, is partnering with Portershed and Galway City Innovation District to run an intensive regional accelerator programme for digital companies in Galway and the Western region.

The new joint initiative is a key part of Enterprise Ireland’s programme to grow the number and quality of startups nationally. There will be up to 10 places available for successful entrepreneurs in the Galway based accelerator programme. Entry will be through a competitive process designed to find and support those digital companies with the best potential for growth and expansion. Applications can be made through www.ndrc.ie/west

With ten years of experience in guiding and investing in new technology businesses, NDRC’s key focus is sourcing and building companies and startup teams, with a digital technology focus, who have the potential to attract follow on investment and grow internationally.  NDRC has mentored and invested in over 200 companies to date which collectively have a combined market value of over €400 million and employ over 600 people.

Some of NDRC’s portfolio companies include Nuritas, Logentries, Bizimply, Boxever and SilverCloud Health. These companies went on to receive follow on investment from international investors including Facebook co-founder Eduardo Saverin, Bono and others.

PorterShed is already a showcase for Galway’s vibrant tech start-up scene, with working space housing 22 innovative companies and up to 62 people in total, hot desks for visiting entrepreneurs and an open space for events and workshops.

NDRC CEO, Ben Hurley said: “We are delighted to bring our experience and expertise to a new location and are very pleased to be working with Enterprise Ireland, Galway City Innovation District, Portershed and AIB to support the development of new digital enterprises in the West.

NDRC has a proven approach where our programmes work with startups to bridge the gap between their initial formation and onward investment and we play an important and leading role in enhancing the startup ecosystem nationally, and in supporting the early stage development of startup companies. We’re delighted to establish our first Regional Accelerator in Galway together with all of the partners in this initiative.”

Mr Hurley concluded: “There is an active tech ecosystem in the environs of Galway, but Galway (and the West) is missing an accelerator as a generator of high potential startups. The PorterShed is an ideal location for an accelerator in the heart of Galway and the West of Ireland”.

NDRC has a mandate from the State (Department of Communications, Climate Action and Environment) to make commercial investments, ensuring that digital entrepreneurship is a vibrant part of the economy.

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For full details of the programme see www.ndrc.ie/west

Apply for the programme here.

Register for the Open Night on 24 May here.

 

 

About NDRC

NDRC sources and builds young digital companies to invest in. NDRC has a mandate from the State to make these investments, ensuring digital entrepreneurship is at the centre of Ireland’s economic agenda. www.ndrc.ie

 

 

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Information:

Rachel Graham, Head of Communications and Investor Relations, NDRC.

Tel +353 1 690 8025. Email: rachel.graham@ndrc.ie

www.ndrc.ie

 

Issued by:

Tim Kinsella, MKC Communications, Tel. 086 813 7512.  Email: tim@mkc.ie