University of Galway showcases 22 high potential start-ups to business leaders

L-R: Einne Curran, Business Development Manager, Fiona Neary, Innovation Operations Manager, Professor Peter McHugh, Interim President and Jacinta Thornton, Associate Director, University of Galway. Photo: Aengus McMahon
Nov 11 2024 Posted: 14:22 GMT

Twenty-two of Ireland’s top entrepreneurs and innovators presented new research breakthroughs to leading figures in business and industry at a special showcase at University of Galway.

The 22 high potential start-ups were selected for their IP-backed, deep-tech solutions that aim to solve global challenges and hold the prospect of being the next big-ticket homegrown enterprise.

The research-led innovations are in the areas of medical technologies, pharmaceuticals, biotech, AI, photonics and biosensors. Invention pitches included a new therapy option for retinal diseases; a probiotic solution aimed at helping eczema sufferers; the first non-invasive medical device to treat severe menopause symptoms; and an AI algorithm that proactively identifies signs of diminished mental wellbeing at an early stage.

Twelve of the high potential start-ups have been developed at University of Galway, with additional projects from UCD, UCC, Tyndall National Institute and ATU.

The day-long showcase was the third in a series of Business Partner events organised by the Innovation Office at University of Galway. The initiative facilitates intensive networking between researchers, start-up entrepreneurs, business leaders, mentors and industry experts.

Founders and innovators sought access to business leaders in the areas of R&D capability, manufacturing, marketing, clinical and investment supports, to help transform their inventions into market-ready innovations.

Professor Peter McHugh, Interim President, University of Galway, said: “University of Galway has a long tradition of fostering innovation and enabling and empowering our research community, not least in the areas of healthcare and engineering.  

“Celebrating research excellence and innovation at University of Galway, this event showcased new opportunities for industry collaborations between our entrepreneurial researchers and the business community.

“It is heartening to see the central role played by Irish universities that are to the forefront in fostering innovation and developing solutions that can have a meaningful impact in the market. By bridging academic research with practical applications, these initiatives are not only advancing technology but also addressing real-world challenges in society.

“This collaborative approach not only supports the growth of these start-ups but also contributes to the broader narrative of innovation and entrepreneurship in the region. It is a great example of how dedicated support can lead to remarkable stories of success and impact.”

Investors, business partners, mentors and business advisors had the opportunity to learn about cutting-edge research innovations and to meet with those driving the future of business and technology in Ireland.

Jacinta Thornton, Associate Director, Innovation Office, University of Galway, said: “University of Galway excels in innovation and entrepreneurship, fostering a vibrant ecosystem where students and faculty can develop new ideas and successfully bring them to the market.

“The Innovation Office plays a pivotal role in this process, working closely with researchers at every step of their journey. By accelerating research impact and empowering emerging technologies and spinouts, the University is helping to cultivate the next generation of high-potential start-ups. This commitment not only enhances the entrepreneurial landscape but also contributes significantly to the region’s economic growth and technological advancement.

“We would like to acknowledge and thank everyone who supported and participated in today’s event from University of Galway, UCD, UCC, Tyndall and ATU, and our business partners, investors and mentors.”

The research projects which have spawned business innovation were supported through funding programmes from Enterprise Ireland, Taighde Éireann-Research Ireland and the EU.

Ends.

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