NDRC invests in six science-inspired start-ups
9 April 2014 | 0
NDRC has announced the start of its VentureLab programme, bringing six start-ups into the development programme which will also see each new business receive investment of up to €100,000 and mentorship.
The science-inspired start-ups are bringing technology to market that was developed in, or in partnership with, TCD, DIT, DCU, Queens Belfast and UCD.
The start-up founders are entering the accelerator following a competitive evaluation process and a period of due diligence. Each will now take part in the six-month accelerator programme, which will provide mentoring, business insight and senior commercialisation expertise to create investor-ready businesses.
The startups entering the NDRC VentureLab programme include: Digifeye, which has developed an image recognition technology that turns digital imagery into online shoppable content; EndoDex, an automated system which monitors and improves the quality of colonoscopy procedures; carbon and fuel monitoring company Exergyn; and Nuritas a bioinformatics technology company specialising in the discovery of peptides (chains of amino acids) with functional health or therapeutical benefits in nutrition and cosmetics.
NDRC VentureLab director Dan Crowley (pictured) said: “With our specialist and tailored approach to innovation in this sector, NDRC VentureLab has a unique capacity to support these ventures at this critical stage in their development.
“We are focussed on the conversion of these projects from a solid research platform into commercially successfully enterprises which address new market opportunities and are investor-ready in terms of the ability to attract the funds they will need to grow their businesses and create value.”