NDRC, which sources and builds digital startups to invest in and work with, has unveiled the latest cohort of 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. Each startup’s founding team will work with NDRC experts over the course of the programme, helping them move towards attracting further private investment.
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.
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.
The six companies taking part are:
AIP
Animal Labs
Champion's Mind
Lintil
Site Passport
Skueeze
Welcoming the new companies, CEO of NDRC, Ben Hurley said, "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."
He added, "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."
Source: www.businessworld.ie
