The new digital accelerator and investment programme NDRC at PorterShed is kicking off this week with 10 new digital startups moving into the Eyre Square base as part of the programme over the next three months.
Selected after an open and competitive application process, the 10 companies were chosen on the basis that they demonstrated the best potential for rapid growth and expansion. The startups, which include a strong international presence with teams joining from Estonia, Spain, Ukraine and the UK, cover a broad base of sectors including agri tech, auto and construction.
A partnership between NDRC and the Galway City Innovation District and co-funded by Enterprise Ireland, NDRC at PorterShed is a key part of Enterprise Ireland’s overall strategy for increasing the number and quality of start-ups that have the potential to employ more than 10 people and achieve €1 million in export sales within three years.
Established by the Government in 2007, NDRC builds and invests in digital startups that have the potential to grow internationally. The NDRC team will work closely with the PorterShed based entrepreneurs over the course of the programme helping them move beyond a good idea, into building a team and a business that can attract investment and grow.
NDRC portfolio companies include companies like Nuritas, Plynk, Boxever and NewsWhip.
Speaking about the new programme in Galway, Ben Hurley, CEO of NDRC said: “This is an exciting week for the teams, they will be working intensively over the next few months to take their businesses to the next level. We were delighted with the quaility and depth of the applications we received and believe we have a strong group of startup companies to invest in and build. We look forward to helping them progress in this over the next 12 weeks”.
Dr John Breslin, NUI Galway lecturer and a founding director of the Galway City Innovation District said: “This is a key milestone towards increasing Galway’s entrepreneurship capacity and growing our innovation ecosystem in the West of Ireland. Enterprise Ireland have recognised the need for regional jobs growth through this co-funded regional accelerator programme for startups, and we look forward to working with our experienced accelerator programme partners at the NDRC as these 10 exciting digital startups are mentored and trained through the NDRC at PorterShed accelerator programme.”