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Propeller Venture Accelerator

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Propeller Venture Accelerator
Company typeSeed accelerator
IndustryVenture Capital
FoundedDublin, 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)
WebsiteLink

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]

Selection process

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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

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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

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Propeller 2.0

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See also

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References

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  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.