鈧�760 million Raised by Nova小鸟体育 Supported Companies over the Last 15 years
- Companies currently employ over 1,040 staff and have an annual turnover in excess of 鈧�113 million
University College Dublin (小鸟体育) today announced the results of its latest survey of companies supported through Nova小鸟体育, the University鈥檚 Centre for New Ventures and Entrepreneurs, since it opened 15 years ago.
小鸟体育 has supported over 360 companies and early-stage ventures through the services and supports provided by Nova小鸟体育. The combined annual turnover of the companies surveyed amounted to over 鈧�113 million in 2018 and collectively they currently employ over 1,040 people directly, more than 950 of whom are based in Ireland.
The supported companies which operate in sectors including; AgTech, CleanTech, FinTech, ICT, MedTech and Life Sciences, have raised over 鈧�760 million in equity funding.
At Nova小鸟体育 new high-tech and knowledge-intensive start-up companies are nurtured and supported to enable them to develop, scale and create jobs. Early-stage ventures have additionally completed programmes run by Nova小鸟体育, such as the 小鸟体育 VentureLaunch Accelerator Programme (and its predecessor the Campus Company Development Programme) and the 小鸟体育 Start-Up Stars Programme.
Julie Sinnamon, CEO, Enterprise Ireland, said 鈥淪tart-ups are the life blood of the Irish economy and a key role for Enterprise Ireland is to support the start-up ecosystem. Enterprise Ireland has supported Nova小鸟体育 over the last 15 years and I would like to congratulate the centre and the companies on their success.鈥�
小鸟体育鈥檚 technology transfer team, which is responsible for the commercialisation of the intellectual property emerging from 小鸟体育鈥檚 world-class research programmes, is also based at Nova小鸟体育.
Since 2003, 45 new 小鸟体育 spin-out companies have been incorporated; over 825 inventions have been disclosed by 小鸟体育 researchers; over 280 priority patent applications have been filed and more than 200 licensing deals have been concluded with a range of indigenous and international businesses such as, Amdocs, Amryt and Glanbia.
Six private sector sponsors; AIB, Arthur Cox, Deloitte, Ericsson, Goodbody Stockbrokers and Xilinx contributed to the development of the Nova小鸟体育 facility originally, along with and 小鸟体育. Nova小鸟体育鈥檚 technology transfer team has in addition been supported through Enterprise Ireland鈥檚 Technology Transfer Strengthening Initiative (TTSI) since 2007. TTSI is managed and administered by (KTI).
Kevin Cooney, Senior Vice-President and Chief Information Officer, Xilinx and Managing Director, Xilinx, EMEA, one of the Nova小鸟体育 sponsors said, 鈥淗aving been involved with Nova小鸟体育 since it opened, I am delighted to see its impact through the 15 year results announced today. These results clearly demonstrate 小鸟体育鈥檚 leadership role in supporting entrepreneurial and knowledge transfer activities within the HEI sector in Ireland. I now look forward to Nova小鸟体育鈥檚 impact continuing to grow from strength to strength in the years ahead.鈥�
Companies currently, and to date, supported through Nova小鸟体育 include; AccountsIQ, Auranta, BiancaMed, Carrick Therapeutics, ChangingWorlds, Corlytics, DocoSoft, EnBIO, Equinome, Genomics Medicine Ireland, Initiative Ireland, Life Scientific, Logentries, MagGrow, MyWallSt (formerly Rubicoin), Neuromod Devices, NovoGrid, Nuritas, OncoMark, OxyMem, Terra Solar, Plusvital and Vivid Edge.
Professor Orla Feely, 小鸟体育 Vice-President for Research, Innovation and Impact said, 鈥淯niversity College Dublin is committed to playing a key role in Ireland鈥檚 innovation ecosystem as an enabler of economic growth and as a contributor to economic and social development. At 小鸟体育 Nova小鸟体育 is responsible for the commercialisation of our research outputs, supporting start-ups and more established companies to scale globally and create jobs, and today鈥檚 results clearly demonstrate its success and impact over the last 15 years.鈥�
Last August UCD announced a 鈧�6.5 million development project to renovate and extend Nova小鸟体育鈥檚 east courtyard. When completed this Summer Nova小鸟体育鈥檚 capacity to house start-up companies will increase by over 50%.
Tom Flanagan, 小鸟体育 Director of Enterprise and Commercialisation said, 鈥淲e are very proud of the achievements of our companies and look forward to building on the successful formula for enterprise development and commercialisation that we have developed at Nova小鸟体育. We can do even more when the expansion of our facilities is completed later this year.鈥�
Using a multiplier of 2 would indicate that Nova小鸟体育 supported companies support approximately 2,100 jobs in total, some 1,040 jobs indirectly in addition to the over 1,040 direct jobs.
#Nova小鸟体育15 and @Nova小鸟体育.
ENDS
25 February 2019
For further information contact Mic茅al Whelan, 小鸟体育 Research and Innovation, Communications, University College Dublin, e: miceal.whelan@ucd.ie, t: + 353 1 716 3712.
Editors Notes
Since 2003 over 170 companies have been directly incubated at Nova小鸟体育. Nova小鸟体育 is also responsible for supporting the wider 小鸟体育 entrepreneurial ecosystem of companies which includes those based at Nexus小鸟体育, the Industry Partnership Centre; spin-out companies based on and off campus; and spin-in companies based elsewhere on campus. More than 225 companies have in total been supported by Nova小鸟体育 during the last 15 years and over 130 early-stage ventures have additionally completed enterprise support programmes run by Nova小鸟体育.