New Frontiers Comes To NovaUCD At University College Dublin
We are delighted to announce that NovaUCD will start to deliver the New Frontiers programme later this year, in partnership with IADT Media Cube. This five-year partnership will enable a total of 275 entrepreneurs, up to 55 annually, to develop their innovative business ideas with a view to building globally scalable businesses.
Part of University College Dublin’s Research and Innovation unit, NovaUCD is a purpose-built, state-of-the-art incubation facility for knowledge-intensive companies. The partnership with IADT, backed by €1.6 million in funding from Enterprise Ireland, means that there are now 17 locations across the country delivering this successful entrepreneur development programme. NovaUCD will help to meet the growing demand from emerging entrepreneurs based in the greater south Dublin area, incorporating South Dublin, Dún Laoghaire-Rathdown and North Wicklow.
Although new to the New Frontiers programme, NovaUCD already has a strong track record in delivering enterprise programmes to startup companies across the full spectrum of technologies. UCD’s entrepreneurship strategy has resulted in:
- The development of the Nova East Courtyard (€6.5m), the establishment of the University Bridge fund (€60m), and the launch of the NovaUCD AgTech Centre Innovation Hub (at UCD Lyons Farm).
- 61 companies currently being supported, with 605 employees.
- 400 companies and early-stage ventures supported over the last 16 years (raising over €775m in equity funding).
- A combined annual turnover for its companies of over €113m in 2018.
- Thousands of jobs created over the years, 1,040 people employed directly in 2018; 950 of whom are based in Ireland.
- The value realised in ownership exits has risen to over €210 million.
Enterprise Ireland’s New Frontiers programme helps entrepreneurs with access to a comprehensive package of supports including mentorship from some of Ireland’s leading business people, a tax-free stipend, and access to resources and incubation space. Some of our alumni are now households names.
Announcing the new partnership were Anne Marie Phelan (IADT Media Cube), Tom Flanagan (NovaUCD), and our own Paula Carroll (New Frontiers National Programme Manager at Enterprise Ireland). They are pictured above (from left to right).
“We are delighted to be working with the team at NovaUCD in delivering the New Frontiers programme for Enterprise Ireland. IADT has been delivering the programme since 2013 and has been responsible for the emergence of numerous successful companies including Cambrist, Snapfix, Ambr Eyewear, Dr. Coys and CheckVentory, all of whom are located in South Dublin, Dún Laoghaire-Rathdown and North Wicklow.
This new partnership will allow us to consolidate a myriad of enterprise supports and will go a long way to supporting start-up companies in the local region while providing them with expert insight and access to innovative practice-led research in design, technology, and entrepreneurship that has been integral to the Media Cube’s success. The next five years promises to be a very exciting time for entrepreneurs coming to IADT Media Cube and NovaUCD.” – Ann Marie Phelan, Enterprise and Innovation Manager at IADT Media Cube
“We are delighted to be partnering with IADT Media Cube in delivering a New Frontiers programme for entrepreneurs located in South Dublin. At NovaUCD we have gained considerable experience and expertise by supporting over 400 start-ups and early-stage ventures and in delivering a wide range of entrepreneurship programmes to support our entrepreneurs to grow and scale to reach their global potential. NovaUCD and IADT Media Cube complement each other with our different areas of expertise and I am confident that this will lay the foundations for a very successful series of New Frontiers programmes in the years ahead.” – Tom Flanagan, Director of Enterprise and Commercialisation at NovaUCD
“Enterprise Ireland is delighted to approve funding for the New Frontiers programme that will be delivered by IADT Media Cube in partnership with NovaUCD. The addition of this programme with two experienced delivery partners will strengthen the reach and impact of the programme within the greater South Dublin area. Enterprise Ireland is proud to fund such a critically important programme like New Frontiers which is delivered across 15 locations nationwide.” – Paula Carroll, National Programme Manager, New Frontiers, Enterprise Ireland
The first IADT Media Cube and NovaUCD New Frontiers programme starts in October. If you think New Frontiers might be for you, the first step is to register your interest via our quick online form. Remember that applications close several weeks before the programmes start, so we advise you to begin the application process sooner rather than later!