The eleven start-ups selected to participate in University College Dublin’s (UCD) new AI Ecosystem Accelerator programme were announced today. The focus of this new accelerator programme is to support entrepreneurs who are developing disruptive AI (artificial intelligence) solutions for a global market.
The participating start-ups are; ALPACA, Customs Window, Durotimi AI, Frontier AI, GoMappED, KnowCarbon, La Casa Care, SonnyLabs.ai, Tashka Technology Solutions, VoxMed.AI and wrksense. (See profiles below).
The 6-month AI Ecosystem Accelerator programme, beginning today, will be delivered by NovaUCD, the hub of innovation and start-up activities at UCD, in partnership with CeADAR, Ireland’s National Centre for Applied AI.
The programme is funded through the European Digital Innovation Hubs (EDIH) framework, a Europe-wide initiative with funding of €700 million from both the European Commission and the Governments of member states. The Department of Enterprise, Trade and Employment, through Enterprise Ireland, is leading on the EDIH programme for Ireland and CeADAR has been designated as the European Digital Innovation Hub for AI in Ireland.
Speaking at NovaUCD, Dara Calleary TD, Minister of State for Trade Promotion, Digital and Company Regulation, said, “I am delighted to be at University College Dublin for the launch of the inaugural AI Ecosystem Accelerator Programme. Meeting with the entrepreneurs taking part in this exciting programme I am pleased to see that in keeping with ‘AI- Here For Good’, the Government’s national AI strategy, the participating start-ups are focused on using AI to benefit citizens and the way we live and work.
The dedicated supports and mentoring which will now be provided by NovaUCD and CeADAR during the coming months will help the start-ups to accelerate their growth and development in Ireland, and also on the international stage, and I wish them every success.
I am delighted that the funding for this important accelerator programme has been received via European Digital Innovation Hubs as the Department of Enterprise, Trade and Employment, through Enterprise Ireland, is leading on the EDIH programme for Ireland.”
argeted supports for the 11 participating start-ups over the next 6-months include a dedicated commercial mentor and workshops on value proposition, route to market, sales strategies, and securing investment.
Participants will have access to co-working space at NovaUCD and access to the NovaUCD community of founders, investors, business partners and student interns. They will also have access to CeADAR’s EDIH for AI services which include AI technologies, and research expertise with technical mentorship.
Professor Kate Robson Brown, UCD Vice-President for Research, Innovation and Impact said, “The Government’s ambition is that Ireland becomes a leading country in using AI for the benefit of people. Through this new AI Ecosystem Accelerator programme starting today UCD is supporting a dynamic cohort of Irish start-ups and entrepreneurs who are focused on using AI technologies to deliver a range of disruptive products and services, for the benefit of society, not only here in Ireland, but on a global stage.”
She added, “There was a great demand from start-ups across Ireland to take part in the programme which will be delivered by NovaUCD and CeADAR, and I would like to take this opportunity to congratulate the 11 selected start-ups. I am looking forward to attending the showcase event at the end of the programme to learn more about how the participants have accelerated their start-ups to the next level and to find out more about their global ambitions.”
Emma Callinan, Director of Commercialisation, Enterprise Ireland, said, “The AI Ecosystem Accelerator programme will provide entrepreneurs across sectors including Healthcare, Cybersecurity, Education, and Sustainability with the opportunity to advance their AI start-ups through a range of targeted technical and commercial supports. Enterprise Ireland is delighted to welcome the 11 start-ups into the ecosystem of successful AI entrepreneurs, and we look forward to supporting them on their transformative journeys as they develop disruptive AI solutions with a global impact.”
Since opening in 2003 NovaUCD has developed arksense strong track record and has supported 550+ start-ups and early-stage ventures through the services it provides, and through business support programmes run and managed by NovaUCD. In addition, the NovaUCD entrepreneurial community has now raised €1.3+ billion in equity funding.
CeADAR’s mission is to help industry in Ireland adopt AI as the National Centre and the European Digital Innovation Hub in AI for Ireland. The Centre has been awarded a multi-million-euro project as part of the EDIH programme to support start-ups, enterprises (with under 3,000 employees) and public sector organisation from all over Ireland who are at the early stage of their AI journey or just curious to find out how using data can benefit their business.
Among the mentors who will be working with participants during the programme are; serial entrepreneur, Niamh Sterling; Aidan Finn, Binarii Labs; Mitchell O’Gorman, xWave Technologies; Lucinda Kelly; Tara Looney, both start-up advisors; and Ronan Murphy, Smarttech247 and GetVisibility.
The 6-month AI Ecosystem Accelerator programme will end with a showcase event to be held in October.
ENDS
9 May 2024
For further information contact Micéal Whelan, Communications and Media Relations Manager, UCD Research and Innovation, NovaUCD, e: miceal.whelan@ucd.ie