Each year the Commercialisation Office recognises excellence in the commercialisation of research at Maynooth University. Maynooth considers activities such as invention disclosures recorded, licence deals completed, new patents filed, spinout company creation and developing new links with industry as key factors in bringing research to the market place. This year the Annual Commercialisation Award was presented to two colleagues, Martin Delaney and Paul Heynen of the Innovation Value Institute for their significant achievements in the area of research commercialisation which includes the creation of a spinout company, IVI Services. Martin is the Technology Leader and General Manager of IVI and Paul is the Operations Manager.
Founded in 2006, through a collaborative partnership between Maynooth University and Intel Corporation, the Innovation Value Institute (IVI) researches, develops and creates IT Management best practice. As an Enterprise Ireland/IDA Ireland Technology Centre, IVI has built a thriving international consortium which now includes over 90 global organizations, including BCG, BP, Cisco, Fujitsu, BNY Mellon and EY to name a few. IVI’s flagship programme, the IT Capability Maturity Framework (IT-CMF), has been used by global organizations to solve a range of capability issues including: • IT capability measurement and improvement • IT organizational design and capability management • IT business alignment and leadership • Organization benchmarking and best practice • IT risk management • Cloud computing (including services innovation and outsourcing).
IVI Services continues this tradition of innovating service delivery. This newly formed start-up venture is now the exclusive distributor of commercial services built on IT-CMF and future IT best practice research that originates from the Innovation Value Institute. As an institution with not for profit status, Maynooth University, could not actively participate in the deep commercial engagement required by companies deploying IT-CMF. IVI Services assumes responsibility for creating and managing these commercial relationships allowing IVI to focus on its core mandate, that of researching, developing, and disseminating empirically proven and industry validated IT best practice through a unique open collaboration between leading academic and industry practitioners.