NovaUCD’s 2008 Campus Company Development Programme (CCDP) commences next week to support 11 new high-tech and knowledge-intensive business enterprises. These new enterprises are bringing their innovative ideas from intellectual concepts to fully developed and sound commercial business enterprises. NovaUCD is the Innovation and Technology Transfer Centre at University College Dublin.
Now in its thirteenth year, 130 companies and 190 individuals have completed this NovaUCD enterprise programme and former participants now collectively employ over 675 people. Previous participating companies include Celtic Catalysts, ChangingWorlds, CRDS, Haptica, Locumotion and TopChem.
The aim of the NovaUCD CCDP, which is supported by Enterprise Ireland, is to assist UCD academic entrepreneurs in the establishment and development of new business ventures to commercialise the output of their research. Ventures participating on this year's programme are commercialising research undertaken in disciplines such as Biomolecular and Biomedical Science, Bioprocessing Engineering, Electronic Engineering, Physics and Physiotherapy.
Dr Pat Frain, Director, NovaUCD, said, “The establishment of new high-tech ventures is an essential element in realising the full commercial potential of the significant investment in university research and development being made by the Government. Clearly programmes such as the CCDP have a major role to play in converting research generated ideas into innovative new ventures.” He added, “The 675 jobs resulting from the CCDP demonstrates the potential contribution of university research to the creation of high-quality employment.”
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Dr Pat Frain, Director, NovaUCD
The CCDP is a nine-month, part-time programme designed to suit the busy timetable of researchers and academics. It offers a mix of monthly workshops, mentoring and one-to-one consultancy and is delivered by NovaUCD staff, with support from the NovaUCD sponsors, Enterprise Ireland, as well as other outside experts. It is designed to assist entrepreneurs in the establishment and development of knowledge-intensive enterprises by providing the skills necessary to transform ideas into commercially feasible ventures.
Participants on the programme have the opportunity to access NovaUCD’s desk space and incubation facilities and associated services. The programme culminates with a high profile Awards Evening held in November.
AP EnvEcon a spin-out from the Environmental Economics Unit of UCD’s School of Geography, Planning and Environmental Policy was the overall winner of the NovaUCD 2007 CCDP. Co-founded by Professor Peter Clinch and Dr Andrew Kelly, AP EnvEcon is a provider of decision-support systems, solutions and specialist advice to the public and private sector for the management of environmental change.
ENDS
26 March 2008
For further information contact Micéal Whelan, NovaUCD, e-mail: miceal.whelan@ucd.ie, tel: (01) 716 3712.
Editors Notes
NovaUCD is University College Dublin’s €11 million Innovation and Technology Transfer Centre. NovaUCD is responsible for the commercialisation of intellectual property arising from UCD research and for the development of co-operation with industry and business. NovaUCD as a purpose-built centre also nurtures new technology and knowledge-intensive enterprises. NovaUCD has over 40 incubation units, including bio-incubation units, and provides innovators and entrepreneurs with the necessary support and knowledge to take their ideas from proof of principle to commercial success. Twenty-two knowledge-intensive companies are currently located in NovaUCD. NovaUCD has been funded through a unique public-private partnership that includes AIB Bank, Arthur Cox, Deloitte, Enterprise Ireland, Ericsson, Goodbody Stockbrokers, UCD and Xilinx.