Seven exciting new businesses are taking part in the second NDRC (National Digital Research Centre) at the PorterShed programme in Galway, with the 12-week acceleration activities now underway.
NDRC sources and builds digital start-ups to invest in and work with, supplying them with an integrated offering of knowledge, experience, expertise and a modest amount of capital, enabling them to become market-ready faster, more successfully and more efficiently than otherwise.
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.
In addition to an initial cash investment of €30,000 per company, the NDRC team will provide strategic business development advice and intensive mentoring by experts in digital enterprises.
Last year Galway-based Appraisee shone brightest at the first NDRC at PorterShed Investor Showcase, with the car retail software company winning the offer of an additional €30,000 in finishing investment from NDRC.
Ben Hurley, CEO of NDRC, said: “We’re delighted to be working with a second cohort of ventures in PorterShed. NDRC’s investment acceleration activities over the coming 12 weeks will help build these businesses towards an investor-ready state.”
Maurice O’Gorman, Chairperson, Galway City Innovation District (PorterShed): “The PorterShed has supported the creation of over 600 jobs since its formation in 2015. With over 30 young ambitious companies operating from the PorterShed, we welcome these new start-ups to our community.”
For more, read this week’s Connacht Tribune.
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