New Tech Entrepreneurs@NovaUCD

16 New Tech Ventures Join NovaUCD's 2010 Entrepreneurship Programme

NovaUCD has welcomed sixteen new technology and knowledge-intensive start-ups, involving 34 people, into its 2010 Campus Company Development Programme which is designed to provide entrepreneurs with the skills to transform research and ideas into commercial ventures.

The CCDP programme, now in its fifteenth year, helps University College Dublin academics and researchers turn ideas into businesses. It is a nine-month, part-time programme and offers a mix of monthly workshops, mentoring and one-to-one consultancy. It is delivered by NovaUCD staff, with support from the NovaUCD sponsors, Enterprise Ireland, and outside experts.

Companies such as BiancaMed, Celtic Catalysts, Equinome, RendezVu and TopChem are all CCDP graduates.

At least 156 new ventures and 235 individuals have completed the CCDP programme, which is supported by Enterprise Ireland.  Former participant companies  now collectively employ more than 750 people.

Participants on CCDP programmes have the opportunity to access NovaUCD's desk space and incubation facilities and associated innovation services. The programme culminates with a high profile Awards Evening which  will be held this year on 16 November 2010.

The overall winner of NovaUCD's 2009 CCDP was Equinome, a start-up which  launched a breakthrough genetic test that can identify the optimum racing distance for individual thoroughbred horses earlier this year.

Dr Emmeline Hill, a leading horse genomics researcher in UCD's School of Agriculture, Food Science and Veterinary Medicine, co-founded Equinome with Jim Bolger, the renowned Irish racehorse trainer and breeder.

NovaUCD, the Innovation and Technology Transfer Centre, is responsible for the commercialisation of intellectual property arising from UCD research programmes.

The new ventures and individuals participating on this year's programme are commercialising research undertaken throughout the University, including research from UCD's Schools of Agriculture, Food Science and Veterinary Medicine; Electrical, Electronic and Mechanical Engineering; Medicine and Medical Science, as well as from UCD's National Folklore Collection, Innovation Research Unit and the Urban Institute of Ireland.

NovaUCD Director Dr Pat Frain said: "CCDP is NovaUCD's main support programme aimed mainly at academic entrepreneurs. It is designed specifically to assist academics and researchers in establishing new ventures to commercialise the innovative ideas arising from theiThe r research programmes."

He added, "These ventures will generate new high-tech jobs to add to the over 750 jobs already created by CCDP participants over the years. This aspect of the CCDP is of course critically important for the development of a Smart Economy."

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