30 Mar 2017 | 10.15 am
Kastus Wins SpinOut KTI Impact Award
Knowledge Transfer Ireland helps commercialise research
30 Mar 2017 | 10.15 am
High technology and research excellence has been celebrated at an Impact Awards ceremony which recognised substantial commercial achievements by knowledge transfer professionals who work in higher education and publicly-funded research organisations.
The Impact Awards are organised by Knowledge Transfer Ireland, which aims to help business to benefit from access to Irish expertise and technology. KTI manages and administers the state’s €34.5m ‘Technology Transfer Strengthening Initiative’ on behalf of Enterprise Ireland.
KTI director Alison Campbell said: “The Impact Awards are about acknowledging Ireland’s success in knowledge transfer and the people that make it happen — the on-the-ground staff in technology transfer offices and industry liaison offices in our HEIs around the country.
“Recent results from Enterprise Ireland’s client survey show that companies that collaborate with the Irish research system on market-led projects have more than double the sales and exports than those that don’t. The knowledge transfer profession plays an essential role in helping companies to innovate, through the commercialisation of research and expertise.”
Some of the winners from the seven categories were:
KTI Collaborative Research award
Ceramicx, a Cork heat processing specialist, worked with a team of engineers from Trinity College to develop a first-of-its-kind 3D infrared IR heat detector with major implications for industry and manufacturing, reducing waste and saving on costs. The product has helped Ceramicx increase sales, which have jumped by 32% since 2015, and employee numbers, which have grown by 50% since the project began five years ago.
Licence2Market KTI award
Teagasc, the agriculture and food development authority, licensed new technology to Ornua Cooperative Ltd that enabled the company manufacture cheese in countries with a shortage of fresh milk. This led Ornua to open a multi-million euro cheese manufacturing plant in Saudi Arabia. With plans to extend its product range in 2017, the company has strong growth plans to fill the capacity of the plant over the next five years.
Spin-Out Company Award
Kastus was spun out from Dublin Institute of Technology to develop technology that can be used during production processes to render any glass, ceramic or metallic surface 99.99 per cent resistant to superbugs like MRSA or e coli. The company is projecting multi-million euro revenue over the next five years and in 2016 secured VC investment from the Atlantic Bridge University Fund.
Mature Spin-Out Award
UCC spin-out company InfiniLED Ltd, founded in 2011, creates low power micro-LED display technology. In 2016, it was acquired by Facebook’s virtual reality company Oculus. This has led to significant inward investment in Cork and the creation of high-skilled jobs in the region.