There have been a number of recent successes for spin-outs from Irish universities. Sensor company SensL Technologies, a University College Cork spin-out from the Tyndall National Institute, was acquired by On Semiconductor, a Nasdaq Fortune 500 company, in a €multi-million deal. NUI Galway-based medical device company, AuriGen Medical has received €2.5 million in the latest round of Horizon 2020 SME Instrument funding - the company is developing the first cardiac implant to treat both the stroke and heart failure risk. And two spin-outs from Trinity College Dublin secured seed investment: Volograms Ltd, operating in the field of augmented reality and virtual reality (AR and VR), raised €600,000 whilst ProVerum Medical, focusing on a treatment for prostate problems, raised €3.5 million.
There has been a raft of recent awards for spin-outs from the research base. A KTI Impact Award went to Royal College of Surgeons in Ireland spin-out company, SurgaColl, a medical device company supplying novel tissue regeneration products for the surgical treatment of disease of the bone, cartilage and other human tissue. UCD spin-out, Oxymem, which has a proprietary wastewater treatment technology, won the SME category at the US-Ireland Research Innovation Awards jointly presented by the American Chamber of Commerce and the Royal Irish Academy. University of Limerick drug discovery spin-out Hooke Bio won the gold award in the Medtech Startup category at the final of the National Startup Award.
To find out more about the spin-out journey from idea through investment rounds, we've pulled together four very different case studies > DOWNLOAD SPIN-OUT JOURNEY TO SUCCESS