Ten new spin out companies commercialising research carried out at Trinity College Dublin were approved as TCD campus companies during 2009. These companies will exploit the latest technologies in bioscience, physical science and information and communications technology.
Commenting on Trinity’s growth in spin out companies, the Provost, Dr John Hegarty said: “The range of these spin out companies reflects the quality research currently being produced by Trinity researchers. It is through such innovation that entrepreneurial activity is generated with direct benefit to the Irish economy and society. Driving enterprise development that will lead to the creation of sustainable high value jobs is a key strategic goal of the university.”
“The government investment in research and innovation, through Enterprise Ireland’s Technology Transfer Strengthening Initiative (TTSI), has also had a significant impact in the formation of these companies,” added Dr James Callaghan, Associate Director of Trinity Research and Innovation. “The resulting growth of expertise in the Technology Transfer Office, which facilitated the formation of the companies, has enabled greater commercialisation of Trinity’s world-class research achieving in 2009 the highest annual number of spin out companies by the College to date.”
the highest annual number of spin out companies by the College to date.”