NDRC at PorterShed is once again on the lookout for startups to join its Galway-based accelerator programme. Applications are open until the end of March, with NDRC at PorterShed’s third accelerator beginning in May this year.
Following the success of the first two NDRC at PorterShed programmes, which ran during 2017 and 2018, and saw Appraisee and PlanDomino securing further follow-on investment offers, there will be up to eight places available for successful entrepreneurs in the Galway-based accelerator programme.
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.
Based in the PorterShed in Eyre Square, Galway, this initiative – a collaboration from Enterprise Ireland, NDRC and GCID (Galway City Innovation District) – aims to drive the growth of digital startups nationally.
The PorterShed, backed by AIB, is already a showcase for Galway’s vibrant tech startup scene, with working space housing 38 innovative companies and home to more than 95 members, including hot desks for visiting entrepreneurs.
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.
Speaking about the announcement, Barry Egan, Regional Director – West of Enterprise Ireland, said:
“Ireland has a unique start-up ecosystem that is a key contributor to our economic growth. Enterprise Ireland is committed to the ongoing support of regional entrepreneurship and enabling regionally-based Irish companies to build scale and expand their reach in international markets. Our partnership with NDRC at PorterShed is a key pillar of our regional supports, and a fundamental programme for innovative, indigenous start-ups as they take their first steps to becoming investor-ready and making their ideas a business reality. I look forward to seeing what the latest cohort of companies will bring to the programme.”