RCSI, LocateBio among winners at Knowledge Transfer Ireland awards
26 November 2021 | 0
Knowledge Transfer Ireland has announced the winners of its sixth annual Impact Awards. The KTI Impact Awards celebrate the work of the Higher Education Innovation Offices around the country, and its role in helping transform academic research into commercial impact.
Three prestigious awards were up for grabs across commercialisation impact, industry engagement, and a new category for 2021, the future forward award, which seeks to recognise activities which have strong potential for future impact but may still be at the early stages of development or roll out.
The Royal College of Surgeons in Ireland (RCSI) and LocateBio scooped the commercialisation impact award, for success achieved from licensing technologies to the company. RCSI licensed three bone and cartilage regenerative technologies to Locate Bio, an innovative orthobiologics company. These are substances that orthopaedic surgeons use to help injuries heal more quickly, often using the body’s own cells and healing capabilities to reverse damage. The technologies have been granted FDA breakthrough device designation, a key milestone for Locate Bio as it validates the technology and will simplify its regulatory pathway.
The judges were impressed by the level of support provided from the Innovation Office at RCSI, which had previously been licensed to a company that went into liquidation so had been relicensed back into the college. Locate Bio’s use of the IP has been pivotal to recent success.
University College Cork (UCC), the Irish Photonic Integration Centre & Rockley Photonics secured the Industry Engagement Award, for an enduring research partnership that has delivered value to the company, university, and wider community through job creation. This ongoing collaboration, active since 2017, has been one of UCC’s most successful collaborative partnerships. On the back of this, Rockley established Rockley Photonics Ireland in Cork in 2020 which grew to 10 employees in 2021. The company focuses on the use of apps and data chips for use in healthcare, machines, and wearable devices.
Rockley continues to collaborate extensively with researchers at Tyndall National Institute in Cork, where the Irish Photonic Integration Centre is based. The judging panel was impressed by the significant investment by the company and other parties into the collaboration so far, including a joint investment of €3.4 million by Rockley and Science Foundation Ireland.
Dublin City University (DCU) and Inclusio won the inaugural Future Forward Award. Inclusio is a new spinout founded in December 2020 from DCU that is focused on transforming workplace culture through an AI engine which enables companies to take a data driven approach to culture and diversity. It drives personalised, bite-sized learning and engagement, empowering employees to influence workplace culture.
The judging panel were particularly impressed with Inclusio’s focus on the area of diversity and inclusion and the commercial potential of the company, having already secured strong levels of financial backing and boasting an impressive client base.
“Our 2021 winners all represent significant impact from research and exemplify what a vibrant knowledge transfer community looks like,” said Dr Alison Campbell, KTI director and chair of the judging panel. “Across diversity and inclusion, health technology and cutting-edge photonics our winners today are delivering economic and societal benefit. I applaud the hard work and dedication in the Innovation Offices in our Higher Education Institute, who are driven by the desire to make a difference and see research translated for public good. I congratulate everyone involved in the submission process and give my thanks to the judges who had a particularly difficult task this year such was the quality of entries.”
The shortlisted entries were evaluated by a panel of international experts that included: Relika Alisaar Williams, Enterprise Estonia; Christophe Haunold, head of partnerships, Knowledge and Technology Transfer at University of Luxembourg; Fintan O’Malley, director of research, development and innovation at Fidelity Investments; Vivienne Williams, CEO and co-founder of Cellix Ltd; James Zanewicz, chief business officer at the Office of Research Business Development in Tulane University School of Medicine, USA.
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