The University of Limerick has a very good record in successful spin-outs. A number of Campus Companies have been created as a result of research being carried out in UL.
Crescent Diagnostics Ltd was founded to advance a new Bone Quality Test (BQT)®, discovered through the work of Dr. Mark Towler and Prof. Declan Lyons at the Materials and Surface Science Institute (MSSI). BQT® is a novel method of assessing osteoporosis fracture risk and drug response simply by examining the human fingernail. In June 13, 2006 Crescent completed intellectual property agreements with the University and at the same time announced the completion of a €800,000 funding round led by Seroba BioVentures, a specialist life science venture capital firm. The company recently raised an additional €250,000 with support form Enterprise Ireland. This will enable the company to conduct additional human clinical trials to continue the development and validation of the BQT®. Crescent undertakes its R&D efforts through its Irish-based subsidiary at the National Technology Park in Limerick.
Powervation Ltd was established in 2006 to commercialise power management technology for high performance digital systems, based on the work undertaken by Dr. Eamonn O'Malley and Dr. Karl Rinne, within the Circuits and Systems Research Centre (CSRC), Department of Electronic and Computer Engineering (ECE). In July 2006, the company completed intellectual property agreements with the University and simultaneously raised funding from 4th Level Ventures, Shannon Development and founders. The company is headed up by former Power-One Managing Director, Antoin Russell. The founding team includes Alan Dunne (former head of the CSRC), Dr Karl Rinne (UL-ECE Dept) and Dr Eamon O'Malley (UL-ECE Dept). In November 2007, the company completed further intellectual property agreements with the University as part of a €7m investment round. The company will use this funding to take its digital energy control semiconductor and software solutions to market, and to expand its sales and marketing presence in the U.S.A. and Asia.
Stokes Bio Limited was founded in 2005 by Mark Davies and Tara Dalton based on technology developed by the Stokes Research Institute, University of Limerick. Stokes Bio develops microfluidics technologies for Gene Expression measurement and Gene Target Detection. The products arising from these technologies are used for discovery of markers for cancer, that will lead to a new approach to the diagnosis of cancer, and pathogen detection. In 2010 Stokes Bio was acquired by Life Technologies Corp.
Cauwill Technologies Ltd. was founded in 2009 by two PhD graduates of the University of Limerick, Ian Rice & Ronan Skehill who worked in the Wireless Access Research Group specialising in cellular and mobile networks. With support from Enterprise Ireland they made the leap from professional researchers to entrepreneurs launching a range of commercial applications for mobile content. In 2009 Cauwill were winners of the IntertradeIreland all island Seedcorn competition and took second place in the Innovation Award at the Travel Technology Show in London.
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If you would like information on establishing your own Campus Company click here.