By Andrei Skvarsky.
Some Russian startups planning to relocate to Ireland have been declared eligible for accelerator programmes run by NDRC, an Irish early-stage investor in technology companies, NDRC and Russian venture find Pulsar Venture Capital announced today, on St Patrick’s Day.
The selection of the Russian firms, which are some of the companies supported by Pulsar, for NDRC programmes follows an initiative by Enterprise Ireland, the Irish government’s export promotion organisation, to attract Russian investors to Ireland.
The startups were pronounced eligible by NDRC and Pulsar, which formed a partnership in April 2015 to put Enterprise Ireland’s initiative into practice.
“Ireland continues to attract ventures from across the world who understand the benefits of locating their business in Ireland,” a statement from Pulsar quoted NDRC commercial director Gary Leyden as saying.
“In fact, over 10% of our existing venture portfolio is made up entrepreneurs who decided to come and set-up in Ireland. Our partnership with Pulsar Venture Capital gives us access to an even wider range of potential ventures, ups to consider investing in.”
Peter Lennox, development advisor at Enterprise Ireland, said: “A key role of Enterprise Ireland is to encourage entrepreneurs to locate and start-up in Ireland. Our team in Moscow has and continues to encourage Russian entrepreneurs into Ireland. NDRC, as an early stage investor, gives Russian entrepreneurs a great opportunity to relocate to Dublin and to benefit from NDRC’s programmes which have a proven track record of delivery.”
Pulsar chief executive Pavel Korolev said: “Our partnership with NDRC is very important as it provides Russian entrepreneurs with a tried and tested venture programme, as well as capital investment and exposure to the global tech sector based in Ireland. We’re looking forward to the bootcamps later this year.”