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The Might of Silicon Valley came to Limerick to seek Investment Opportunities


Silicon Valley
Pictured at the University of Limerick is Professor Don Barry, UL President (centre) with former Intel Chief and Chairman of ITLG Craig Barrett, and John Hartnett,  Founder & President ITLG.

The University of Limerick welcomed, Dr. Craig Barrett, Chairman of the Irish Technology Leadership Group (ITLG), along with a delegation of technology executives and investors from Silicon Valley for the 3rd Annual "Silicon Valley Comes to Ireland" 2010 event. The ITLG hosted this event in partnership with the University of Limerick, NUI Galway and Shannon Development.

Wednesday, November 17th the University of Limerick hosted a panel discussion on the Innovation Island and the Global Irish panel discussion which brought together technologists & entrepreneurs from the US and Ireland to give their perspective on what it takes to successfully commercialise innovation.  The panel gave a series of presentations, and had an open forum Q&A session, drawing on their vast experience of founding, growing and leading successful global technology companies.  The future of mobile technology was discussed which is particularly relevant to UL which is researching the use of mobile technology for health care indications including depression.

The Venture Capital & Investor panel, also took place at UL, brought together Venture Capitalists and Investors from the US to discuss how to be successful in the global technology marketplace. 

"The University of Limerick is continuing to strengthen its links with industry leaders as it hosts the Irish Technology Leadership Group (ITLG) Silicon Valley Comes To Ireland event in conjunction with Alliance Partners, NUI Galway and Shannon Development.  We welcome this opportunity to uncover the emerging technological opportunities we have in Ireland and to nurture those that have true potential and support them in achieving success.   We are fortunate to have in UL today a gathering of people who epitomise the essence of the entrepreneurial spirit and who continue through collaboration and innovation to advance the prosperity of our region and our country", said UL President, Professor Don Barry.

Learn Opt a University of Limerick spin out company is in contention to win the ITLG University Innovation Challenge Award and ResourceKraft another University of Limerick company is competing in the HPSU Company challenge. UL continues to successfully commercialise is technology through licences and spin out companies continues building on the already successful portfolio of companies including Stokes Bio and Powervation. UL is widely recognised for leading in the commercialising of research success and delivering value-added benefits such as employment, wealth creation and economic progress to the wider community. 

In the last year alone research at UL has signed over 100 formal agreements with industrial partners.  Researchers submitted 27 invention disclosures which resulted in 9 new patent applications, while six agreements to commercialise UL inventions were signed with external companies.  This focus on commercialisation has yielded five promising spin-off companies in recent years involving a combined investment in excess of €60m and providing high-value jobs within the Shannon Region.

Established in October 2007, the ITLG is an independent organization comprised of a number of high-level technology leaders in Silicon Valley who are Irish or Irish-American. The Group includes senior executives from some of the Valley's leading corporations, each of whom are committed to helping Ireland address the challenges of embracing new technology opportunities. www.itlg.org

Click here to view extra photos from ITLG event


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