Wednesday, April 09 12:21:28
The NDRC VentureLab programme will this year bring six promising science-inspired startups into an intensive development programme that will also see each new business receive investment of up to E100,000.
NDRC VentureLab is targeted at enabling ventures that are commercialising science, tech or intellectual property with high potential for success.
The six startups are bringing technology to market that was developed in, or in partnership with, Ireland's higher level research institutions, including TCD, DIT, DCU, Queens Belfast, and UCD. The startup founders are entering the NDRC VentureLab programme following a competitive evaluation process and a period of due diligence.
Each will now take part in the six month intensive accelerator programme which is deeply experiential and focused on a strategic approach to market entry. NDRC VentureLab will provide mentoring, business insight and senior commercialisation expertise to create investor-ready businesses with investments of up to E100,000.
DIGIFEYE has developed an advanced image recognition technology which turns digital imagery into online shoppable content. The company is currently targeting the fast growing e-commerce fashion retail market and the technology has other applications including entertainment. If a shopper likes they style of something they see online, or takes a picture of something they see out and about, the system creates that look for them while merchandising easily buyable products.
EndoDex has invented an automated system which monitors and improves the quality of colonoscopy procedures and which can be used in real time or for retrospective analysis by medical professionals. It includes computing software and hardware elements as well as a disposable medical device. The intellectual property is a result of 6 years of research at TCD.
Exergyn is developing technology with the potential to significantly reduce fuel bills and carbon emissions across multiple industries worldwide. It converts low-grade waste heat (less than 120 C) into power and is particularly suited to industrial waste heat applications (e.g. Combined Heat & Power (CHP), Geothermal, Power Plants, Cargo Shipping, and Nuclear).
Low Carbon Technology, LCT Ltd has developed a battery management technology which can make all forms of battery (from Lead Acid to Lithium), work better in array (e.g., from managing the performance of a bank of batteries in electric vehicles or in a massive storage system connected to the electricity grid).
Nuritas Ltd is a bioinformatics technology company specialising in the discovery of peptides (chains of amino acids) with functional health or therapeutical benefits in nutrition and cosmetics.