20131112 NDRC We Make Ventures Happen_Helen McBreen

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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 …

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.

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  • 1. We make ventures happen
  • 2. Title   •  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.   About Us 2   NDRC  
  • 3. What is NDRC? NDRC’s mission is to create market capital by building high-impact new ventures. 3 NDRC
  • 4. What is NDRC? NDRC’s mission is to create market capital by building high-impact new ventures. How: 4 NDRC NDRC’s HANDS-ON TEAM WITH SPECIALIST CAPABILITIES + DEDICATED SPACE TO BUILD AN ECOSYSTEM + INVESTMENT FUND + FLEXIBILITY TO OPERATE AS COMMERCIAL ENTITY
  • 5. Why NDRC? Availability of Funding / Investment Research space: public grants Technologies-to-market timeline 5 NDRC
  • 6. Why NDRC? Availability of Funding / Investment Commercial space: Angel/Seed VC, Early VC, Later VC Research space: public grants Technologies-to-market timeline 6 NDRC
  • 7. Why NDRC? Availability of Funding / Investment THE GAP Commercial space: Angel/Seed VC, Early VC, Later VC Research space: public grants Technologies-to-market timeline 7 NDRC
  • 8. Why NDRC? Availability of Funding / Investment Level of ‘High Touch’ from NDRC Technologies-to-market timeline 8 NDRC
  • 9. How do we work? € HANDS-ON CAPABILITY= Mentoring + Validation + Design + Engineering + Forming Venture Teams + Deep Networks Level of ‘High Touch’ from NDRC 9 NDRC
  • 10. How do we work? THE GAP Launch; first revenues; moving to scale Technology validation; customer & market validation; skills enhancing Concept forming; skills definition; customer discovery 10 NDRC
  • 11. How do we work? 11 NDRC
  • 12. Our History ISA Collaboration of the Year 2009 2007 Commenced operations with a fund of €25m from the State. 12 2008 ISA Academic Collaboration Award 2010 Aramark Healthcare awards: Product Innovation 2010 2009 First call for ‘Collaborative Translational Research (CTR)’ projects. Ireland’s first Joint-Ownership IP commercialisation agreement launched. NDRC IIA Award 2011: Best Open Data Initiative IIA Award 2012: The Very Best Place to Start Digital Media Awards: 2010 Best Newcomer 2010 Launch of Ireland’s first tech accelerator, NDRC LaunchPad. NDRC Catalyser Feasibility project call launched. Top University Business Incubators Global Benchmark 2013: NDRC ranked #1 globally for ICT 2011 NDRC Inventorium launched. 2012 Smart Grid Innovation Hub launched in cooperation with EirGrid plc. 2013 NDRC Swequity Exchange pilot launched. 2014 NDRC VentureLab pilot launched. Clicktailing pilot launched in partnership with the IIA. New fund from Irish State, bringing total State funds under management to €42.5m
  • 13. Title   •  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.   The Programmes 13   NDRC  
  • 14. NDRC LaunchPad
  • 15. Digital entrepreneurs need nurturing 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 15   NDRC  
  • 16. The NDRC LaunchPad offer •  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 16   NDRC  
  • 17. Who we’ve worked with 17   NDRC  
  • 18. NDRC VentureLab
  • 19. Science commercialisation is HARD • 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
  • 20. VentureLab Changes the Game • 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
  • 21. 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
  • 22. Title   •  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.   How do we measure success? 22   NDRC  
  • 23. 91m projected How do we measure success? Cumulative Market Value € Ventures emerging from NDRC have created Cumulative Commercial investment € 250 new jobs 39m 32m projected 59% Ventures emerging from NDRC have secured follow on investment 16m 14.9m 10.1m 5.7m 4.8m 2007 23 2008 NDRC 2009 2010 2011 2012 2013 2014
  • 24. Investment Opportunities Ventures emerging from NDRC have created NDRC LaunchPad Visit www.ndrc.ie/launchpad jobs 250 new 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? 24 NDRC