Minister Calleary Announces New AI Accelerator Programme for Start-Ups at University College Dublin
Dara Calleary TD, Minister of State for Trade Promotion, Digital and Company Regulation, has today announced a new Artificial Intelligence (AI) accelerator programme for start-ups at University College Dublin (UCD).
The 6-month AI Ecosystem Accelerator, which begins in April, will be delivered by NovaUCD, the university’s hub of innovation and start-up activities, in partnership with CeADAR, Ireland’s National Centre for Applied AI.
The focus of the new accelerator programme is to support entrepreneurs who are developing disruptive AI solutions in sectors including, healthcare, cybersecurity, education, sustainability, finance, content creation, supply chain and customer service, for a global market.
The programme is being 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 in AI for Ireland.
Targeted supports for participants on the AI Ecosystem Accelerator 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. Participants will also have access to CeADAR’s EDIH services which include AI technologies, and research expertise with technical mentorship.
Applications are now open for the programme.
Announcing the AI Ecosystem Accelerator, Minister Calleary TD said, “There is no doubt Ireland’s entrepreneurs and founders have the talent, the creativity, and the drive to seize the opportunities of AI to improve the way we all live and work.
Sitting at the crossroads of higher education, industry, and research, the AI Ecosystem Accelerator programme aims to support AI start-ups grow through dedicated technical and commercial supports. I am delighted that funding is in place to support the acceleration of enterprises in this space, which is key element in our National AI Strategy “AI - Here for Good”.
My ambition is for Ireland to become a leading country in using AI to the benefit of our citizens, through a people centred and ethical approach to AI adoption and use. I encourage all interested AI start-ups to consider applying and be part of Ireland’s AI ambitions.”
Marina Donohoe, Head of Research and Innovation, Enterprise Ireland, said, “The adoption and deployment of AI technologies is critical to driving the competitiveness and innovation of Irish businesses in international markets. Many AI-driven Irish businesses are scaling globally, with a number of excellent start-ups following in their tracks. Enterprise Ireland sees a major opportunity for Irish entrepreneurs to take the lead in this ever-changing field.
The new AI Ecosystem Accelerator programme, funded through the EDIH programme managed by Enterprise Ireland, will be delivered by NovaUCD in partnership with CeADAR, and will nurture cutting-edge AI solutions and provide strategic support to help AI-driven businesses thrive in a global market.”
Pictured (l-r) are; Tom Flanagan, Director of Enterprise and Commercialisation, NovaUCD; Dara Calleary TD, Minister of State for Trade Promotion, Digital and Company Regulation; Marina Donohoe, Head of Research and Innovation, Enterprise Ireland and Dr Ricardo Simon Carbajo, Director of Innovation and Development, CeADAR. (Credit: Julien Behal Photography).
Since opening in 2003 NovaUCD has developed a 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.
Tom Flanagan, Director of Enterprise and Commercialisation, UCD said, “We are delighted to be announcing a new AI Ecosystem Accelerator programme which we will be delivering with CeADAR to showcase and support the most advanced AI start-ups in Ireland.
We are currently seeking applications from Irish-based start-ups with really novel AI based products or services, who want to be part of an ecosystem of the most successful entrepreneurs in Ireland using AI. Participants on the programme will have the opportunity to network, collaborate and learn from experienced AI founders from the wider NovaUCD ecosystem such as Biosimulytics, Binarii Labs, Corlytics, DOCOsoft, Oblivious and Wayflyer.”
CeADAR’s mission is to help industry in Ireland adopt AI. The Centre has been awarded a multi-million-euro project as part of the EDIH programme to support start-ups and SMEs from all over Ireland who are at the early stage of their AI journey or just curious to find out how using data can increase their business.
Dr Ricardo Simon Carbajo, Director of Innovation and Development, CeADAR, said, “The AI Ecosystem Accelerator is one of the key services of CeADAR's European Digital Innovation Hub programme. Run in partnership with NovaUCD the programme will provide entrepreneurs who are leveraging the power of AI with the required support, knowledge and network to accelerate their start-ups from ideation to investment stage.
We encourage entrepreneurs to find out the benefits of accelerating their venture with us and the range of other funded services for companies as part of CeADAR’s EDIH programme.”
Applications are now open for the first AI Ecosystem Accelerator programme.
The 6-month programme will begin in April and will end with a Demo Day in September.
Full caption for main image above: Pictured (l-r) are; Laura Plunkett, EDIH Programme Manager, CeADAR; Tom Flanagan, Director of Enterprise and Commercialisation, NovaUCD; Dara Calleary TD, Minister of State for Trade Promotion, Digital and Company Regulation; Michelle Doyle, Senior Manager, Strategic Innovation Partnerships, NovaUCD; Dr Ricardo Simon Carbajo, Director of Innovation and Development, CeADAR and Marina Donohoe, Head of Research and Innovation, Enterprise Ireland.
ENDS
15 January 2024
For further information contact Micéal Whelan, Communications and Media Relations Manager, UCD Research and Innovation, NovaUCD, e: miceal.whelan@ucd.ie
Editors Notes
AI Ecosystem Accelerator - be part of an ecosystem of successful AI entrepreneurs and advance your AI start-up with our dedicated technical and commercial supports. www.ucd.ie/innovation/aiecosystem/
NovaUCD has been nurturing and supporting high-tech start-ups with global potential since 2003. During the last two decades NovaUCD has developed an excellent and expanded infrastructure and a suite of comprehensive business support programmes, dedicated accelerators, and an ecosystem of mentors, investors and industry partners that help to nurture an enthusiastic and dynamic community of start-ups and established companies, to grow and scale on the global stage. NovaUCD was originally funded through a unique public-private partnership that included AIB; AMD; Arthur Cox; Deloitte; Enterprise Ireland; Ericsson; Goodbody and UCD. www.novaucd.ie
CeADAR – Ireland’s National Centre for Applied AI, is funded by Enterprise Ireland and the IDA Ireland to help industry adopt AI. The Centre has more than 90-member companies across a wide span of industries and is one of the leading European Digital Innovation Hubs (EDIH) across the EU focused on delivering AI services to industry and public sector organisations. CeADAR acts as the EDIH in AI for Ireland and offers a variety of services to reduce the risk and investment in applying AI to transform businesses. www.ceadar.ie
The European Digital Innovation Hubs (EDIHs) are one-stop shops supporting companies and public sector organisations to respond to digital challenges and become more competitive. Four European Digital Innovation Hubs, including CeADAR, are now operational in Ireland. The Department of Enterprise, Trade and Employment, through Enterprise Ireland, is leading on the EDIH programme for Ireland.