The National Digital Research Centre in Dublin reported that start-ups in its portfolio raised 37m in follow-on investment during 2014. Employment in these firms stands at 500 people.
This brings to 88m the total amount of investments raised by these companies from angel investors and venture capitalists, giving them an estimated market value of 220m. Employment in these companies jumped by 200 people in 2014.
NDRCs methodology is to invest in early stage companies primarily using an accelerator model through its NDRC LaunchPad and NDRC VentureLab investment programmes.