7 Super Startups Begin Latest NDRC at PorterShed Accelerator
24th June 2019
- Third NDRC at PorterShed accelerator sees increased investment of €75,000 per company
- Travel, finance and renewable energy among sectors represented in new programme
- The seven new companies will operate out of Galway, where the programme will run for three months
NDRC at PorterShed has welcomed its latest cohort of startups, with seven Irish businesses to receive cash investments and intensive business development training.
Digital solutions for tourism, wellness, finance and productivity sectors are included in the programme, with a number of the companies relocating to Galway from elsewhere in Ireland as part of the investment.
NDRC sources and builds digital startups 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.
In addition to a significantly increased cash investment compared to previous years, the NDRC team will provide strategic business development advice and intensive mentoring by experts in digital enterprises.
A partnership between NDRC and the Galway City Innovation District (GCID) 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 startups that have the potential to employ more than 10 people and achieve €1 million in export sales within three years.
Previous companies to come through the programme – which began in 2017 – include Appraisee, PlanDomino, LunaConnect and The Beauty Buddy.
Ben Hurley, NDRC CEO, said: “This third iteration of NDRC at PorterShed continues NDRC’s work in the regions of Ireland, with acceleration activities in Dublin, the West and the South East part of our continued efforts to build a sustainable pipeline of digital startups in Ireland.
“NDRC has spent more than a decade investing in digital companies, with this latest cohort bringing our portfolio to nearly 300 businesses. This group of businesses vary greatly in the areas in which they intend operating. However, they share a common trait in that they each provide digital solutions, and they each are looking to scale globally.
“I wish them all the best as they begin their next stage of development here, with NDRC at PorterShed. And I look forward to seeing how they progress over the coming weeks and months.”
Barry Egan, Regional Director, Enterprise Ireland said: “Supporting regional entrepreneurship is a key priority for Enterprise Ireland and the NDRC at PorterShed business accelerator programme is a valuable support we offer to regionally-based startups. We see this as a launchpad for innovative, indigenous startups with global ambition, helping them as they take their first steps to becoming investor-ready and creating the foundations for a successful business with the aim of scaling up and expanding into international markets. Business accelerator programmes such as the NDRC at PorterShed in Galway are an important driver of the innovative startup ecosystem for regional cities under Ireland 2040 and one which Enterprise Ireland intends to continue to invest in over the coming years.”
Maurice O’Gorman, Chair of GCID, said: “The Galway City Innovation District is thrilled to work with NDRC again, the new cohort represents diverse and emerging sectors and the team at GCID look forward to supporting the Cohort through the acceleration process over the coming months.”
The seven companies securing investment on NDRC at PorterShed are:
EasyCount provides software for assisting in the counting and reporting of non-barcoded items of stock including food, cleaning materials, hardware and construction materials.
Fincovi, through its cloud platform, Amplifi, cuts costs in the back- and middle-office functions of renewable energy funds by at least 25 per cent.
MyPicDrop helps eCommerce retailers reduce the time and cost associated with publishing product content through its Conveyor workflow software.
TripAdmit provides live access to the top attractions and guided tours globally, with a focus on voice interaction and artificial intelligence.
Trustfy builds trust between freelancers and their clients through a secure payment system that protects both sides of the transaction.
Frankli is a tool that delivers employee engagement and performance management solutions for global SMEs with local and distributed teams, and is designed to enable employees to be more engaged and more productive.
Winds of Change is an employee health and wellness platform that combines push notifications and reporting through a suite of modules including general health metrics, wellness, diet, exercise etc.
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