Pharmaceutical research and technologies start-up APC has won the NovaUCD 2011 Start-Up Award after being declared overall winner of the 16th NovaUCD Campus Company Development Programme.
APC provides processing technologies and customised solutions to pharmaceutical companies that require the delivery of their medicines to the global market.
The company plans to create 20 jobs within the next two years, was also presented with a prize fund worth €17,500.
The company, co-founded earlier this year by Prof Brian Glennon and Dr Mark Barrett as a spin-out from UCD’s School of Chemical and Bioprocess Engineering and already includes many of the top 10 pharmaceutical companies in the world on its client list.
Prof Glennon joined the UCD School of Chemical and Bioprocess Engineering in 1995. Prior to joining UCD he worked as a Chemical Engineer in Merck Sharp & Dohme. He is leader of the UCD Pharmaceutical Process Engineering Research Group and Deputy Director of the Solid State Pharmaceutical cluster a Science Foundation Ireland-funded Strategic Research Cluster.
Dr Barrett joined the UCD School of Chemical and Bioprocess Engineering in 2009. Previously he worked as a Process Development Engineer in Schering-Plough. Since joining the UCD Pharmaceutical Process Engineering Research Group he has led national and international industrial research activities.
In addition to the NovaUCD 2011 Start-Up Award, APC was also presented with a cheque for €5,000, €6,000 worth of professional services from Deloitte, €3,000 worth of legal services from Arthur Cox, €1,000 worth of business and taxation consultancy from Delaney Financial Consultancy and NewMarket Partnership and six months free desk space at NovaUCD. APC will also receive a year’s free subscription to AccountsIQ software which allows SMEs to manage their entire accounting requirements via the Internet.
Speaking at the ceremony, Prof Peter Clinch, UCD vice-president for innovation, said: "The participation of researchers on this key new venture support programme to establish, grow and develop high tech and knowledge-intensive companies, is of critical importance for the development of a sustainable smart economy in Ireland. The ventures that were showcased on this year’s CCDP are being established to translate innovative ideas arising from UCD research programmes into value-added products and services."
Two other ventures, ForkStream and Equilume, participating on this year’s Programme, received runner-up awards, cheques for €3,000 and €2,000 along with €2,000 and €1,000 worth of legal services from Arthur Cox respectively in addition to six-months free desk space at NovaUCD.
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