Ben Hurley

NDRC launches Catalyser early stage investment programme

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Pictured: Ben Hurley, NDRC

28 October 2015

NDRC has launched Catalyser, an early stage investment programme aimed at start-ups and founders working with industry- or research-based knowledge and technology.

While open to all, NDRC is looking for in academic researchers with early stage concepts to deliver a commercially focused service or product within a six-month timeframe.

Ben Hurley, CEO NDRC, explained: “We are targeting those founders who may be currently working in research, or indeed in industry, and have seen a real business need that they have the insight, skills and technology to meet. It can be either product or service led so long as it has the ability to scale internationally by addressing a global market opportunity. As with all NDRC investments, the venture must be capable of generating interest from investors and/or creating viable revenue streams within six to nine months.”

Applicants who meet the programme criteria will be invited to pitch their proposition to an NDRC selection panel before the end of November. Successful teams will be invited to a one-day workshop to develop and agree the key business milestones required to achieve second phase investment.

Participants will receive an initial investment of €30,000 for equity with a further €70,000 accessible depending on performance.

NDRC Catalyser investments will close in 2015, and the residential programme is planned to commence in January 2016.

Application forms are available at www.ndrc.ie/catalyser. Deadline for entries is 12 November 2015.

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