NDRC at ArcLabs Accelerator
NDRC at ArcLabs sees each participating company receive an investment totaling €75,000, as well as various supports including mentoring and office space in ArcLabs, at Waterford IT.
NDRC at ArcLabs
NDRC is seeking startups for its upcoming South East accelerator, NDRC at ArcLabs, encouraging entrepreneurs with digital startups to apply above.
Successful companies will secure investment and expert mentoring in customer discovery, business model design, sales and growth tactics, finance, investment, technology, marketing, design and communications.
Beginning at the end of August, the NDRC team will work intensively with each company, over a short time-frame, helping them to understand what value their company can offer customers, working on their strategy for growth and getting them ready to meet the demands of both investors and the marketplace.
Applications close on 28 June, with entrepreneurs needed to be available for pitches in July. Given the Covid-19 developments, it is unclear yet if the pitches will he held in Waterford, or remotely.
NDRC portfolio companies such as Boxever, Logentries, Nuritas, Silvercloud Health, Wia and Tandem have already gone on to successfully obtain millions of euros in follow-on investment.
About NDRC at ArcLabs
The programme, based in ArcLabs at Waterford Institute of Technology’s West Campus, in Carriganore, Co. Waterford, is a key part of NDRC’s national remit.
The investors and supporters of NDRC at ArcLabs, in addition to Enterprise Ireland, include Suir Valley Ventures, Bank of Ireland Seed and Early Stage Equity Fund, Bord Gáis Energy in partnership with Centrica Innovations, South East BIC, and Local Authorities of Carlow, Kilkenny, Waterford and Wexford, Local Enterprise Offices and Enterprise Centres.
What do you get?
- Investment of €75,000, €50,000 of which is cash
- Three months working alongside startups, innovators and investors
- Expert mentorship from industry experts
- Weekly workshops and networking
- The opportunity to build your connections with the investment community
Who should apply?
NDRC’s accelerators are industry agnostic, though every venture must have digital at its core. Through our regional partners, NDRC invests in exceptional teams who are at the early stages of developing a business proposition of global scale.
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, engineering, agriculture, tourism, research etc.
NDRC defines “early stage” to mean a project which is addressing a clearly identified problem, and has either outlined steps to developing a viable solution to this problem, or already has a product in the market.
If you are at idea or concept stage with your project, and have not yet validated these key aspects of your venture, there are other supports available locally such as Enterprise Ireland's New Frontiers or Enterprise START programmes, which may be a better fit.