NDRC’s Spring cohort includes businesses in property, sport, hospitality and construction. NDRC is investing up-to €130,000 in each startup as well as providing for a three-month acceleration programme, bringing NDRC’s portfolio of companies to more than 300. The programme is operating remotely following Government advice during Covid-19 pandemic.
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 continuing its new investment approach, initiated in 2019. Ventures in the latest cohort will see up to €130,000, of which €100,000 is cash – invested into each business.
With a focus on digital startups across multiple industry sectors, NDRC’s portfolio is now enhanced with businesses providing solutions for healthcare, hospitality and financial services.
Initially based at NDRC’s Digital Exchange offices, the startups are now working remotely with NDRC’s team, given the Covid-19 pandemic.
Each startup’s founding team will work with NDRC experts over the course of the programme, helping them move towards attracting further private investment.
Ben Hurley, CEO, NDRC: “I'm delighted to welcome these six new companies into NDRC's portfolio. It's no secret that bringing a startup from an idea right through to being ready for investment is a challenging process. What these founders have achieved so far is clear to see. With our proven expertise and focus, NDRC is here to accelerate that transformation into commercially investable business propositions.
“The Covid-19 pandemic means we have had to tailor our approach for this programme, with operations continuing remotely for our team and these startups. Given what is going on in the world right now, there has perhaps never been quite such a challenging time to develop a nascent business, and yet it is also clear that digital technology has a major role to play in future solutions for the benefit of society and the economy. Focus is key, now. NDRC will be working alongside each of these companies to help them navigate their way to growth.”
Having invested in 25 new startups during 2019, the number of companies in NDRC’s portfolio is now well in excess of 300. With such experience, NDRC’s success is built on finding very early stage companies and teams at concept stage, with the potential to grow internationally.
NDRC will be investing in more businesses later this year, with a second Dublin accelerator as well as NDRC at ArcLabs on the way.
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. Successful exits include Artomatix and iCabbi.
The six companies taking part are:
AIP is an early-stage company offering a plug-in for developers to automate website maintenance.
Animis Labs has developed a tool to ensure collaboration cross internal teams to augment the customer purchasing experience and sales outcomes.
Champion’s Mind is a mental skills/wellbeing platform targeting high-performance amateur athletes. The product provides audio guidance for athletes, based on their selected sport, which has been developed using the experience/approach of Dr. Jim Afremow, previously the peak performance coordinator with the San Francisco Giants baseball team.
Lintil provides a solution that enables home buyers to reduce the long and complex property buying process, while simultaneously allowing property search/listing websites add a revenue stream from property buyers by acting as the home buyer's advocate.
Site Passport is a procurement, compliance, and supplier management solution, connecting multiple players in the construction industry supply chain: Main Contractors, Developers, Subcontractors, and Suppliers.
Skueeze is a management information tool, developed as a direct response to the founder’s experiences in launching a medium scale, fast/casual restaurant chain. A mobile-first solution, designed with the day-to-day running of an SME food and beverage business in mind, Skueeze supports management in controlling their inventory, purchasing, and profitability.