Epic Conjoint, This is Seaweed and Travacoin have spun into NovaUCD, the innovation hub at University College Dublin, with a view of raising $8.7m within two years.
NovaUCD, the hub for new ventures at University College Dublin (UCD), has attracted three startups that will take up residency in the building in order to collaborate with the university.
The three companies spinning in are Epic Conjoint, an enterprise software-as-a-service platform that enables companies to conduct international market research, and organic food brand This is Seaweed as well as Travacoin, which lets airlines accept cryptocurrencies.
The three companies are hoping to raise a total of €7.5m ($8.7m) over the next two years and create 30 jobs, though individual figures for the three startups were not revealed.
NovaUCD, a purpose-built facility that houses both UCD spinouts and spin-ins, is currently home to more than 25 companies, which already employ approximately 200 staff between them.
The hub has helped launched more than 200 startups to date, which have raised in excess of €200m between them.
Tom Flanagan, director of enterprise and commercialisation at UCD, said, “I would like to take this opportunity to welcome Epic Conjoint, This is Seaweed and Travacoin, the latest companies who have spun in to NovaUCD.
“The founders of these companies are experienced entrepreneurs who will be a great addition to our community and we look forward to working with them to facilitate access to UCD’s world-class research expertise and talent.
“These companies have global ambition and significant plans for job creation and fund raising over the next few years and we look forward to assisting them to achieve these goals.”
