Friday, 14 May 2021
Local Enterprise Office Donegal launched a new and innovative technology accelerator in May, 2021 called Donegal SCALE-X which aims to encourage more business start ups in the county. This programme is unique and differentiated from other accelerator programmes as it is built by investors for entrepreneurs. Applications are now open to businesses located anywhere in the world who demonstrate a commitment to growing their business from Donegal.
Donegal SCALE–X will target start-up entrepreneurs with the potential for fast growth in the ICT/Fintech, Health Sciences/Medical and other technology-based industries. This programme aims to focus on facilitating potential spin-outs from existing firms in the county and region and on introducing programme participants to potential investment funds.
The deadline for application to this programme is midday on the 24th of May, 2021. The deadline for application to this programme is midday on the 24th of May, 2021. After this date, 10 teams shall be selected for the accelerator based on not only the potential market size of their chosen field, but also the teams which could benefit the most from participating. Successful applicants will be informed on the week of the 31st of May and the programme will commence on the 9th of June and continue on a weekly basis until the 1st of September, 2021.
Michael Tunney, Head of Enterprise Donegal at Local Enterprise Office, Donegal said: “Donegal SCALE-X focuses on giving participants a deep understanding of the metrics that can drive success, along with the skills to build financial models that stand up to investor scrutiny and industry engagement. The programme will also provide mentorship from leaders in their field, who have already scaled businesses from Donegal – people like Gillian Doyle of Cerebreon – so participants will get valuable insights and advice on ways to adapt their business model as necessary”.
Adding to this, Brenda Hegarty, Assistant Head of Enterprise at Local Enterprise Office Donegal, said: “Donegal SCALE-X is seeking founders that have a unique insight into their industry, borne out of deep industry expertise or an evident passion for their space, as well as solutions that solve a distinct customer problem. Ten teams will be selected to join the programme based on the scale of ambition of the founder/s, the potential market size of their chosen field, and, most importantly, the teams that can be helped the most by availing of the programme. Every application will be reviewed and shortlisted candidates will be interviewed on a rolling basis, so I would encourage anyone interested to get your application in before the deadline of midday on the 24th of May.”
Local Enterprise Office Donegal is collaborating with Journey Partners to implement the Donegal – SCALE – X programme. Journey Partners works with corporates, funding bodies and startups to generate, evaluate and support the development of innovative growth concepts with focus on early stage companies to help them reach their first major milestones.
Visit the website to find out more about the programme and how to apply: https://www.localenterprise.ie/Donegal/Training-Events/SCALE-X-ACCELERATOR/
Click on the video below:
