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National Digital Research Centre

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Coordinates: 53°20′32″N 6°17′01″W / 53.342171°N 6.283727°W / 53.342171; -6.283727 (National Digital Research Centre)
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This is an old revision of this page, as edited by SeoR (talk | contribs) at 11:30, 13 May 2021 (Changing short description from "Former tech industry organisation, Dublin, Ireland" to "National venture "accelerator" programme in Ireland" (Shortdesc helper)). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

NDRC is a national accelerator programme in Ireland, for "globally ambitious" entrepreneurs, delivered by a consortium and supported by multiple venture capital firms.

The NDRC delivers a "mentorship-driven accelerator" with €100,000 founder-friendly pre-seed funding, and early stage supports including non-equity pre-accelerator programmes available to entrepreneurs across Ireland.[1]. It also runs a Masterclass Series for companies working in the start-up space, teaching them how to support young digital venture teams with significant scale potential. [2].

History

The National Digital Research Centre was established in 2007 by a group of educational institutions operating under an agreement with the Minister for Communications, Climate Action and Environment.[3]. Once it no longer carried out research, it referred to itself as NDRC only. In September 2013, the market value of firms emerging from the Centre was reported to have doubled to €39m during 2012.[4]

In November 2020, the existing management team confirmed that they had lost the tender to run the NDRC, and that the organisation would be wound up.[5] New operators, Dogpatch Labs and its regional partners, were appointed on a contract worth up to 17 million euro.[6]

Ownership and management

Initial operation

From foundation until November 2020, the centre was owned and operated by a consortium of three Irish research universities and two other third-level bodies: Dublin City University, Dún Laoghaire Institute of Art, Design and Technology, the National College of Art and Design, Trinity College, Dublin, and University College Dublin.

NDRC invested primarily using an accelerator model, providing modest amounts of capital and high amounts of hands-on support to early stage companies. It ran two investment programmes: NDRC LaunchPad[7] and NDRC VentureLab.[8] It was awarded "Top IT" incubator by UBI Index in 2013.[9] NDRC LaunchPad was ranked as one of the most highly rated accelerators[clarification needed] in Europe [10]

New operation

The process to put the operation of the NDRC to tender was announced in late 2019. After a competitive bid process[11] between the incumbent, Dogpatch Labs and Sean O’Sullivan’s SOSV, in December 2020 the Government announced that it had awarded the five year €17M contract to manage the service to Dogpatch Labs.[12]

Dogpatch Labs and its regional partners RDI Hub, Republic of Work and Portershed operare the centre,[13] and it is supported by five venture capital firms with Irish bases - Act Venture Capital, Atlantic Bridge, Frontline, Delta Partners, and Polaris Partners.[14]

Beneificiaries

NDRC alumni include Nuritas, Soundwave, Boxever (acquired by Sitecore, and Silvercloud Health. [15]

See also

References

  1. ^ [1] Department of the Environment, Climate and Communications, 2021-04-29
  2. ^ How new €17m NDRC will lead to rise of Ireland's regions ThinkBusiness.ie, 2020-12-16.
  3. ^ [2] Department of the Environment, Climate and Communications, 2021-04-29
  4. ^ Additional funding for National Digital Research Centre announced RTÉ News, 2013-09-25.
  5. ^ NDRC confirms tender loss as it gains €3.1m from LearnUpon exit The Irish Times, 2020-11-30
  6. ^ [3] Dogpatch confirmed as winner of €17m contract to run NDRC, Irish Times, 2021-12-16.
  7. ^ NDRC LaunchPad Archived 2013-10-21 at archive.today National Digital Research Centre. Retrieved: 2013-12-21.
  8. ^ NDRC VentureLab Archived 2013-09-10 at the Wayback Machine National Digital Research Centre. Retrieved: 2013-12-21.
  9. ^ University Business Incubator – Global Top List 2013 Archived 2014-06-16 at the Wayback Machine University Business Incubator. Retrieved: 2013-12-21.
  10. ^ Top 8 European Startup Accelerators and Incubators Ranked Tech Cocktail, 2011-06-20.
  11. ^ [4], Irish Times, 2020-08-13.
  12. ^ [5], Irish Independent, 2020-12-17.
  13. ^ [https://www.ndrc.ie/
  14. ^ Dogpatch wins €17m state NDRC contract with regional and gender quotas Independent.ie, 2020-12-17.
  15. ^ How new €17m NDRC will lead to rise of Ireland's regions ThinkBusiness.ie, 2020-12-16.

53°20′32″N 6°17′01″W / 53.342171°N 6.283727°W / 53.342171; -6.283727 (National Digital Research Centre)

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