- NDRC at ArcLabs is open for applications for its second accelerator in Waterford
- Investment worth €75,000 for 8% equity in each startup appearing on the programme
- NDRC at ArcLabs run in partnership with Enterprise Ireland and ArcLabs
- Applications close 30 June, 2019; see www.ndrc.ie
Caption: Aidan Shine, CEO of South East BIC; Aisling O'Neill, Manager, ArcLabs Research & Innovation Centre; John Halligan TD, Minister of State at the Department of Business, Enterprise and Innovation; Brian Fives, South East Regional Development at Enterprise Ireland; Carl Power, Head of Venture Investment, NDRC. Image: Pat Moore Photography
2 May 2019: NDRC at ArcLabs is once again on the lookout for startups to join the South East accelerator programme. Applications are open until 30 June, 2019, with NDRC at ArcLabs’ second accelerator beginning in August this year.
Following the success of the first NDRC at ArcLabs programme, which ran during 2018, as well as three other regional programmes in the West, there will be up to eight places available for entrepreneurs in the Waterford-based accelerator.
Entry will be through a competitive process designed to find and support those digital companies with the best potential for growth and expansion. Each successful applicant will receive an increased level of investment, amounting to €75,000 – of which €50,000 is a cash investment into their company and €25,000 is in programme service costs.
The accelerator programme is part of Enterprise Ireland’s overall strategy to increase the number and quality of startups that have the potential to employ more than 10 persons and achieve €1 million in export sales within three years.
Based in ArcLabs in Waterford Institute of Technology (WIT), this initiative aims to drive the growth of digital startups nationally. Apply here before 30 June, 2019.
The 12-week programme commences on 18 August, 2019. For entrepreneurs and individuals interested in finding out more, the NDRC team will be hosting a series of information events over the coming weeks in the South East region. Check out www.ndrc.ie for more information.
The investors and supporters of NDRC at ArcLabs, in addition to Enterprise Ireland, include Suir Valley Ventures, Bank of Ireland Seed and Early Stage Equity Fund, South East BIC, and Local Authorities of Carlow, Kilkenny, Waterford and Wexford, Local Enterprise Offices and Enterprise Centres.
John Halligan, Minister of State for Training, Skills, Innovation, Research and Development, said: “Driving innovation is a key priority for the Government so we are focused on offering opportunities for the development of sustainable businesses that propose new solutions and embrace new technologies while also creating jobs. I’m delighted to announce a second call for applicants for the NDRC at ArcLabs accelerator programme here in Waterford, supported by the Government through Enterprise Ireland. Hand-in-hand with innovation, entrepreneurship is a key driver of regional development. This is why we are committed to investing in the provision of regionally based accelerator programmes which support the development of new startups, thereby stimulating the local and regional entrepreneurial ecosystems and helping innovative entrepreneurs to develop their business plans.”