TU Dublin Celebrates 15 Years of Innovation and Over €200M Revenue – Irish Tech News – Irish Tech News
On Wednesday, Ireland’s leading Knowledge Transfer Office celebrated 15 years of innovation at the Technological University Dublin (TU Dublin), where it maximised research capabilities and generated over €200m in revenue since 2007.
The award-winning Innovation Office is responsible for commercialising Its arising from TU Dublin research, launching 44 spin-out companies since 2007. These include the majorly successful Kastus®, Micron Agritech and Ocumetra.
Since establishing the University’s Innovation Office in 2007, TU Dublin has played a pivotal role in the economic development of the Greater Dublin Region.To celebrate these achievements, the University hosted the Impact Innovation Awards in Grangegorman on Wednesday.
Working as a hub for innovation and technology transfer activities since 2007, TU Dublin Innovation collaborates with students, lecturers and researchers across the University to create tangible outputs from research, business and product ideas. In 2018 they also launched Open Labs to remove the barriers facing startups surrounding early-stage research and innovation, providing access to University R&D expertise in various disciplines. These include Product Prototyping, Virtual & Augmented Reality, Food Innovation, Sustainable Infrastructure and Cyber Security.
Dr Paul Maguire, Head, Innovation & Enterprise, said: “Industry engagement is central to our mission at TU Dublin, and we are committed to fostering robust and agile working relationships to deliver impactful economic impacts in our region and beyond. Over the last fifteen years, TU Dublin has collaborated in over 550 industry projects generating over €200m in revenue and over €230m in equity investment.”
Since 2007 TU Dublin Innovation has also delivered 44 Spinouts, 226 License Agreements, 136 Patent Applications filed, 578 Invention Disclosures, and 35 Patents Granted.
Dr Maguire said: “Universities are uniquely placed to explore complex problems in society, and the impact of knowledge transfer activities at TU Dublin is evident across our society and in the health and well-being of our people. In celebrating the last 15 years, we have identified researchers, academic leaders and business leaders to receive an Innovation Award in recognition of their significant and impactful contributions to innovation”.
Recognising innovation has also been a priority for the team. The TU Dublin Innovation Awards Winners for 2022 were recently announced, with an Impact Award going to Dr Sive Geoghegan, Gateway Manager at MiCRA-Biodiagnostics.
MiCRA-Biodiagnostics is an industry-led research & development facility located in TU Dublin’s Tallaght campus. The facility’s work is supported by Enterprise Ireland’s Technology Gateways programme and is funded through industrial collaboration. The facility has a strong and growing portfolio of applied research, making knowledge and expertise accessible to local and national industries.
John Walsh,Assistant Head of School, TU Dublin School of Creative Arts and Founder of TU Dublin CreateLAB, received the second Impact Award.
CreateLab is an initiative of the Innovation Office in TU Dublin, in partnership with the Schools of Art and Design and Mechanical Engineering, supporting industry through design and development of new products and the creation of Intellectual Property. CreateLab has extensive Product Design and Development expertise in Design Research, Ideation, Concept Development, User-Centred Design, Product Development, Design Engineering, Prototyping, 3D Printing, CAD, and Design for Manufacture. Through CreateLab, clients can also access excellent prototyping and workshop facilities.
Anastasia Negru, Founder and CEO at Margins Ai, and Professor John D. Kelleher, Academic Leader at ICE Institute and Co-Principal Investigator at SFI Centre for Research Training D-REAL, received the One to Watch award.
Margins Ai is a spin-out developing a B2B plug-and-play AI solution that predicts optimal pricing in the context of competitor activity, market dynamics, seasonality and consumer behaviour, addressing the competitiveness of the SMEs in the E-commerce sector.
The shared Achievers of the Year were Professors James Loughman and Ian Flitcroft of Ocumetra.
Ocumetra Ltd delivers personalised myopia care solutions and vital decision support to practitioners through its pioneering monitoring tool, Refractogram, which can distinguish between normal and abnormal (myopic) eye growth. The company spun out on technology developed by the Centre for Eye Research Ireland (CERI) based in TU Dublin. A prototype of the Refractogram monitoring tool has already been developed, and the company achieved Enterprise Ireland HPSU status at the end of 2020 – just 6 months after its foundation. As a result, leading multinational healthcare companies are now contracting Ocumetra Ltd to develop customised products to suit their business needs.
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