Thursday 10th October 2024
Enterprise Ireland has announced a strategic investment in Numeracy for Life (N4L) as part of its High Potential StartUp (HPSU) programme. This investment follows a comprehensive commercial and technical due diligence process that highlighted N4L 's innovative approach to education technology and its potential for substantial growth.
Numeracy for Life is designed to improve the confidence and employability options of adults by enhancing their numeracy skills, thus creating pathways for better life opportunities. With its unique blend of educational technology and social responsibility, N4L is positioned to drive positive change for individuals and communities alike.
Enterprise Ireland's HPSU programme is dedicated to identifying and nurturing startups with high growth potential, providing funding, mentoring, and access to international markets. This partnership with N4L is designed to further reinforce Enterprise Ireland 's commitment to supporting innovative companies that contribute to both economic growth and social good.
Welcoming the announcement, Minister for Enterprise, Trade and Employment Peter Burke TD said, “Numeracy 4 Life is an innovative and exciting Irish technology company that is bringing the latest education thinking and techniques to bear on the problem of low numeracy rates in many cohorts of the adult population. “Numeracy is a key lifeskill beyond the reach of too many people and Numeracy for Life addresses this with online teaching material tailored to the adult learner with real life scenarios and encouragement to boost a learner's confidence.
“High Potential Startup companies like Numeracy for Life are vital components of a robust economy and the investment secured is a testament to the innovation and dedication of the Numeracy for Life team.” Donnchadh Cullinan , Department Manager, ICT HPSU, Enterprise Ireland added, “Numeracy for Life is an innovative, ambitious company that is addressing a social need that often goes unseen and unheard in modern society, right across the world.
“The company has set out a clear growth path through its online teaching material and Enterprise Ireland is proud to back this experienced team on their next startup journey.”
“We are thrilled to have Enterprise Ireland's support as we embark on this next phase of growth,” said Tadhg Crowley , CFO of N4L.
“Our vision is to empower adults with the numeracy skills they need to succeed, increasing their confidence and employability in a rapidly changing job market.” added Neil Salvi , CEO of N4L. N4L's leadership previously cofounded PACE Soft Silicon a mobile video company that was acquired by Nvidia (Nasdaq: NVDA) in 2005. Building on this experience, N4L is now focused on a missiondriven enterprise aimed at addressing a critical societal need—enhancing adult numeracy skills globally.
Source: businessplus.ie