Enterprise Ireland has announced a strategic investment in Numeracy for Life (N4L) as part of its High Potential Start-Up (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.
Providing funding, mentoring, and access to international markets
Enterprise Ireland’s HPSU programme is dedicated to identifying and nurturing start-ups with high growth potential, providing funding, mentoring, and access to international markets. This partnership with N4L further reinforces Enterprise Ireland’s commitment to supporting innovative companies that contribute to both economic growth and social good.
Enterprise minister Peter Burke 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.
"umeracy is a key life-skill 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 Start-up 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 said: “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 would like to congratulate the Numeracy for Life team on their achievements to date and we look forward to continuing to play a role in their future growth.”
“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 co-founded PACE Soft Silicon – a mobile video company that was acquired by Nvidia in 2005. Building on this experience, N4L is now focused on a mission-driven enterprise aimed at addressing a critical societal need – enhancing adult numeracy skills globally.
For more information about Numeracy for Life and its mission, visit www.numeracyforlife.com