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Archive for December, 2012

Propeller 3.0 Huge International Interest

December 29, 2012 2 comments

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By Terence Bowden

Once again DCU Ryan Academy’s, Propeller Venture Accelerator, ranked 7th in Europe, is off to a flying start.  Over 140 companies applied from around the world,  An amazing 47% of them are internationally based including 8 from India and 3 from New York, other countries include Togo (which is always interesting), Nigeria, Israel, New Zealand and Malta but to name a few.  The map below gives a good illustration.

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So far we held over 115 meetings including a lot of Skype calls around the world. Discussing items such as their business model, pricing structure, team development,  lowest hanging fruit and gaining traction with the market.

One of the goals I wanted to achieve this year was to help the general start-up eco system. While space is limited on the accelerator, the decision was taken to invite the mentors to get involved in two ways;

  1. By reviewing the applications and completing feedback forms.
  2. Providing feedback during the company presentations.

We had an amazing number of mentors volunteer to help and I would like to thank them for their time in doing so.  This feedback will be given to the companies in the New Year.

Presently Propeller has been nominated for a Europa award.  Over €3.2 million euro has been raised by the 12 Propeller companies. In addition, during Christmas week alone, over €1 million ($1.32 Million USD) has been secured in funding, a sign of the momentum Propeller is gathering!