Dáil Éireann Debate, Wednesday - 29 November 2023
59. Deputy Louise O'Reilly asked the Minister for Enterprise, Trade and Employment the total value of Government funding allocated to the NDRC accelerator and NDRC pre-accelerator and the Ireland Strategic Investment Fund between 2017 and 2023. [52796/23]
View answerMy colleague, Minister Eamon Ryan T.D., Minister for Environment, Climate and Communications has responsibility for the NDRC accelerator and NDRC pre-accelerator and has provided the information below.
NDRC is one of the State’s supports for early-stage enterprises operating in the pre-seed investment funding gap between entrepreneurs/researchers and the commercial investment sector offering accelerator and pre-seed support for enterprises in the digital sector.
NDRC was initially established in 2006 under a Concession Agreement. The initial value of the concession agreement was €5m per annum and was €3.5m annually since 2013.
Following a procurement process a contract was awarded in November of 2020 to Dogpatch Labs to continue the NDRC supported by its regional partners in Kerry, Cork and Galway. This contract expires in 2025 and has a value of €3.5million per annum.
My colleague, Minister Michael McGrath T.D., Minister for Finance has responsibility for the Ireland Strategic Investment Fund (ISIF) and can be contacted on this.
