NUIG start-ups secure €35m in 2018
21 December 2018 | 0
NUI Galway start-ups secured €35 million between private equity investment and research funding while the 36 companies based at the University’s Business Innovation Centre now employ 173 people, which represents an increase of 20% over 2017.
The year also saw NUI Galway sign over 60 project agreements with industry (Irish SMEs and multinationals) contributing across a wide range of areas including: advanced healthcare diagnostics and device, additive manufacturing, food nutrition, energy optimisation, and Internet of Things solutions.
More than 2,200 staff and students were actively engaged through the University’s entrepreneurship experiential learning and mentorship programmes to produce projects ranging from storybook development and publishing to apps designed to aid people with disabilities find more accessible parking facilities close to their location.
“We have a vibrant entrepreneurial ecosystem among our students and staff which we support through a range of commercialisation, experiential learning, and support programmes,” said David Murphy, director of NUI Galway’s Business Innovation Centre.
“There are significant benefits to society and the economy from the innovations that are seeded, researched, developed and implemented right here on campus. The number of start-ups and industry collaborations based on high-quality research is a very good indication of the level of entrepreneurism at the University and in the region.”