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In one of the major success story of the year so far BiancaMed, the UCD medical technology spin-out company, has just been acquired by ResMed for cash. BiancaMed will become part of ResMed’s newly created Ventures and Initiatives Unit and ResMed plans to build the BiancaMed team at NovaUCD.
JC Kyrillos, ResMed, Dr Hugh Brady, UCD President and Dr Conor Hanley, BiancaMed
ResMed, quoted on the New York Stock Exchange and the Australian Securities Exchange, is a leading developer, manufacturer and distributor of medical equipment for treating, diagnosing, and managing sleep-disordered breathing and other respiratory disorders. BiancaMed was co-founded in 2003 by Dr Philip de Chazal, Dr Conor Hanley and Professor Conor Heneghan to commercialise research undertaken in UCD’s School of Electrical, Electronic and Mechanical Engineering.
The success of BiancaMed will hopefully be an inspiration for other research entrepreneurs who are interested in establishing new ventures to commercialise innovative ideas emerging from UCD research programmes.
Professor William Gallagher, a leading cancer biology researcher in UCD’s School of Biomolecular and Biomedical Science, was presented with the NovaUCD 2011 Innovation Award. His research has to date resulted in the formation of a UCD spin-out company, OncoMark, whose mission is to support cancer drug development through tissue-based biomarker development and validation. The company employs 12 people at NovaUCD and plans to double its workforce within the next two years.
Professor William Gallagher, NovaUCD 2011 Innovation Award recipient
Professor Thomas Lawton, Professor of Strategy and International Business, EMLYON Business School, delivered the InterTradeIreland 2011 Innovation Lecture at UCD entitled Innovate for Advantage: A Strategic Toolkit for Designing and Delivering a Breakout Strategy. While at UCD Professor Lawton also facilitated three dedicated master classes at NovaUCD for SME owners and senior managers and early-stage entrepreneurs.
Professor Thomas Lawton, EMLYON Business School
Over 40 high-tech and knowledge-intensive companies, employing more than 250 people, are now located at NovaUCD. Companies which have recently joined our community of entrepreneurs include AER Sustainable Energy, EnBio, Innovois, JLizard, Management Briefs, MuteButton, Wattics and Working Analytics.
Dr Trevor Parsons and Dr Viliam Holub, JLizard
In this issue we report on news of interest from our clients; DocoSOFT, MuteButton, RendezVu and SmartBuilder Software.
Student Marthe Buisson with Paul Groarke, RendezVu
The 16th NovaUCD ‘Entrepreneurs Live!’ seminar series will commence in September and run over 10 weeks. The InterTradeIreland 2011 Innovation Conference entitled Building Capacity for Innovation will take place in QUB on 4 & 5 October. Innovation Dublin 2011 will take place from 17 October to 18 November and the overarching theme of this year's festival is Innovation by Design.
Click here to access the complete NovaUCD July 2011 Newsletter.
Ends
8 July 2011
For more information contact: Micéal Whelan, NovaUCD, t: + 353 1 716 3712 or e: miceal.whelan@ucd.ie