20131112 ndrc we make ventures happen_helen mcbreen
DESCRIPTION
NDRC - National Digital Research Centre. NDRC is an early stage investor in innovation. We invest directly into innovative startups and indirectly to improve the environment within which ventures can grow. We work with the best and brightest researchers, technologists and entrepreneurs to turn great ideas into successful ventures. Over the last five years we have been working to build the best model for supporting early stage technologies, and we’re starting to see the results. By the end of 2012 our portfolio of startup ventures had secured €16m in commercial investment from angel and VC investors. Each year we work with c.1,000 individuals and we invest into c.40 early stage technology ventures.TRANSCRIPT
We make ventures happen
• Keep your presenta-on simple and to the point. • Structure your presenta-on to have a clear flow. • Know what you want to say. • Know who you want to say it to. • Remember: less is always more.
Title
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About Us
NDRC’s mission is to create market capital by building high-impact new ventures.
What is NDRC?
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NDRC’s mission is to create market capital by building high-impact new ventures.
What is NDRC?
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How: NDRC’s HANDS-ON TEAM WITH SPECIALIST CAPABILITIES
+ DEDICATED SPACE TO BUILD AN ECOSYSTEM
+ INVESTMENT FUND
+ FLEXIBILITY TO OPERATE AS COMMERCIAL
ENTITY
Why NDRC?
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Availability of Funding / Investment
Research space: public grants
Technologies-to-market timeline
Why NDRC?
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Availability of Funding / Investment
Technologies-to-market timeline
Commercial space: Angel/Seed VC, Early VC, Later VC
Research space: public grants
Why NDRC?
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Availability of Funding / Investment
Technologies-to-market timeline
THE GAP
Research space: public grants
Commercial space: Angel/Seed VC, Early VC, Later VC
Why NDRC?
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Technologies-to-market timeline
Level of ‘High Touch’ from NDRC
Availability of Funding / Investment
How do we work?
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HANDS-ON CAPABILITY=
Mentoring + Validation
+ Design + Engineering
+ Forming Venture Teams
+ Deep Networks
€
Level of ‘High Touch’ from NDRC
How do we work?
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Concept forming; skills definition; customer discovery
Technology validation; customer & market validation; skills enhancing
Launch; first revenues; moving to scale
THE GAP
How do we work?
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Our History
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2007 2009 2013 2014
Commenced operations with a fund of €25m from the State.
First call for ‘Collaborative Translational Research (CTR)’ projects. Ireland’s first Joint-Ownership IP commercialisation agreement launched.
Launch of Ireland’s first tech accelerator, NDRC LaunchPad. NDRC Catalyser Feasibility project call launched.
2010
NDRC Inventorium launched.
2011
Smart Grid Innovation Hub launched in co-operation with EirGrid plc.
2012
NDRC Swequity Exchange pilot launched.
New fund from Irish State, bringing total State funds under management to €42.5m
NDRC VentureLab pilot launched.
Clicktailing pilot launched in partnership with the IIA.
2008
ISA Collaboration of the Year 2009 Aramark
Healthcare awards: Product Innovation 2010
ISA Academic
Collaboration Award 2010
Digital Media Awards: 2010
Best Newcomer
IIA Award 2011: Best Open Data
Initiative
IIA Award 2012: The Very Best Place to Start
Top University Business Incubators Global Benchmark 2013: NDRC ranked #1 globally for ICT
• Keep your presenta-on simple and to the point. • Structure your presenta-on to have a clear flow. • Know what you want to say. • Know who you want to say it to. • Remember: less is always more.
Title
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The Programmes
NDRC LaunchPad
Digital entrepreneurs need nurturing
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The biggest challenges for digital entrepreneurs:
• Breaking in to the right network • Not enough time to concentrate • No funding • The need for exposure – to customers and
investors • How to reach customers
• The need for a business model
• Unparalleled expertise across sectors, with hands on mentoring • 12 weeks alongside a broad spectrum of
startups, innovators and investors • Peer-to-peer experiential environment • Weekly workshops and networking with
acknowledged thought leaders • Micro-seed investment of up to €20k per
venture • Opportunity to pitch to investors at Lift Off
The NDRC LaunchPad offer
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Who we’ve worked with
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NDRC VentureLab
• Lots of science, small % is a fit for startups
• Technology Risk - Scientific proof of concept ≠ effective product
• Market Risk - Usually no validation that customers will buy the product
• Incentive Risk - Research institutions and startups often have different incentives
• Team - Hard to build world-class teams for unproven opportunities
Science commercialisation is HARD
• Deep links with TTO, VC and entrepreneur communities
• Enough capital to give a fair runway
• Simple investor-friendly transactions and IP structure
• Intensive programme designed around: • Team formation & leadership development
• Market and technology validation
• Testing business models
• Investor readiness
• Dedicated NDRC team with experience of > 100 startups
VentureLab Changes the Game
What does VentureLab offer?
• Investment: €100k investment, using a simple convertible loan agreement • Programme:
Pre-accelerator programme to validate an idea 6 month full-time intensive accelerator programme aimed at validating the opportunity for customers and investors
• Expertise: Work alongside the VentureLab team and expert practitioners • Cohort: Peer to peer learning as part of the VentureLab cohort over 6 month period • Network: Deep and trusted network of investors and corporate strategic partners
• Keep your presenta-on simple and to the point. • Structure your presenta-on to have a clear flow. • Know what you want to say. • Know who you want to say it to. • Remember: less is always more.
Title
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How do we measure success?
How do we measure success?
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2007 2009 2013 2014 2010 2011 2012 2008
Cumulative Market Value €
Cumulative Commercial investment €
4.8m
10.1m
5.7m
14.9m 16m
39m 32m
projected
91m projected
Ventures emerging from NDRC have created
250 new jobs
59% Ventures emerging from
NDRC have secured follow on
investment
Investment Opportunities
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Ventures emerging from NDRC have created
250 new jobs
NDRC LaunchPad Visit www.ndrc.ie/launchpad Closing date 13th December Open Day 28th November at NDRC
NDRC VentureLab Visit www.ndrc.ie/venturelab Closing date end of the year
Any questions?