Propeller Venture Accelerator

Last updated
Propeller Venture Accelerator
Type Seed accelerator
Industry Venture Capital
Founded Dublin, Ireland (2011)
FounderGordon McConnell
HeadquartersDCU Ryan Academy, Citywest Business Park, Dublin
Area served
Worldwide
Key people
  • Terence Bowden (Venture Manager)
  • Drew O' Sullivan (Business Development)
Website Link

The Propeller Venture Accelerator is a joint venture between Dublin City University and Irelandia Investments. Launched in 2011, [1] it is an Irish-based organization that invests in early stage information and communications technology companies. Propeller was recently [ when? ] named as the "7th best Accelerator in Europe" by the Kauffman Fellows Program. [2]

Contents

Selection process

Propeller has a number of stages in its selection process:

  1. Initially the written applications are vetted by the mentors, short-listing a "Top 30".
  2. These 30 are then invited to present in front of a panel of mentors.
  3. Those successful are met for due diligence.
  4. The final stage is a presentation in front of the investors of Propeller.

Portfolio

Each year Propeller has the capability to take[ clarification needed ] 6-10 companies.

By its 3rd year, Propeller had a portfolio of 12 companies.

Propeller 1.0

Propeller 2.0

See also

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References

  1. Carmel Doyle (2011-11-01). "Tech start-ups apply for €30,000 accelerator package - Start Ups". siliconrepublic.com. Retrieved 2013-02-16.
  2. "Seedcamp named top European accelerator, with Startupbootcamp closing in". TechCrunch. 2011-06-20. Retrieved 2013-02-16.