The DCU Ryan Academy has just opened its application process for its 3 month Propeller Venture Accelerator program based in Dublin, Ireland. The Academy’s aim is to “bridge the gap between academia and entrepreneurial practice in Ireland through training, support and finance for entrepreneurs.”
Propeller (see: Propeller Venture Accelerator Fund: Hands On Program For Startups And Early Stage Companies) is one of the top 8 accelerator programs in Europe according to a study commissioned by the Kauffman Fellows Programme.
The aim of Propeller is to accelerate early stage technology start-up companies with an emphasis on software, Web 2.0, informatics, clean-tech and applications. It offers participants:
- €30,000 Euro investment in exchange for 6.5% equity in the company
- Office space
- Over 60 mentors – Advice and guidance from techies, accounting and tax specialists and serial entrepreneurs
The program culminates a demo day on April 6, 2012 in which the participants will be able to pitch their products to a group of specially invited investors and VCs. Over seventy investors attended the last demo day.
Propeller is a TechStars Network Member, one of five outside the US and one of only three in Europe.
“Winning a place on the inaugural Propeller Venture Accelerator was like being plucked off the bus and placed on the bullet train for our business. We were given access to the most senior Irish business talent and an inside track to the Irish and international investment community.”
– Paul Healy, CEO Fantom and a Serial Entrepreneur.
This program is not only for Irish based companies. Entrepreneurs from all over the world including the USA, France, Israel, UK and Portugal have expressed interest in applying to the Accelerator.
The closing date for applications is the 2nd November 2011 and the program starts with the companies moving to the Citywest offices on the 2nd January 2012.
Applicants are encouraged to apply early to better be able to discuss their needs and wants with the Academy.
“If you want to do a Masters or a degree please go to DCU business school. If you want to do a short course that is, ‘What can I do in the morning?’ oriented then you come to the Academy. That’s the sort of stuff we do.”
– Gordon McConnell, Executive Director, Arizona State University Venture Catalyst