How Dublin Business Innovation Centre is Paving the Way for Startups

Introduction

Dublin Business Innovation Centre (DBIC) is a non-profit organization that helps startups and entrepreneurs in the technology sector to grow and succeed. Founded in 1988, DBIC has been at the forefront of supporting innovative companies that have had a significant impact on the Irish economy. In this article, we will take a closer look at DBIC and how it is helping startups in Dublin.

What is Dublin Business Innovation Centre?

DBIC provides a range of support services and facilities for technology startups. These services include mentoring, consultancy, access to funding, networking events, and office space. The primary goal of DBIC is to help startups to develop a viable business model and bring their products to market. DBIC has a team of experienced business experts who work closely with startups to help them overcome the challenges of starting a new business.

How does DBIC help startups?

One of the unique services that DBIC provides is the Cubits program. This program is designed to provide early-stage startups with a range of support services to help them develop their business. The Cubits program includes access to office space, mentoring, workshops, and networking events. This program is specifically designed to give startups the support they need to get off the ground.

DBIC also provides access to funding through the Halo Business Angel Network (HBAN). HBAN is a joint initiative between DBIC and Enterprise Ireland that connects business angels with startups looking for funding. This network of investors has invested over €100 million in Irish businesses since it was established in 2007.

Success stories

One of the most successful companies to come out of DBIC is Movidius. This company, which was acquired by Intel in 2016, developed a computer vision platform that could turn any device into a smart device. Movidius was able to raise €3 million in funding through HBAN.

Another success story is Nuritas, a company that uses artificial intelligence to discover peptides for use in food and pharmaceuticals. Nuritas received €2 million in seed funding through HBAN and has since raised over €30 million in funding.

Conclusion

Dublin Business Innovation Centre has been instrumental in supporting technology startups in the Dublin area. Through its range of support services and access to funding, DBIC has helped to create a vibrant and successful startup community. If you are a startup in the Dublin area, DBIC is an essential resource to help you overcome the challenges of starting a new business.