Strong commercialisation results at UCD

NovaUCD, the Innovation and Technology Transfer Centre at University College Dublin, has reported strong commercialisation results for 2010 including 57 new invention disclosures by UCD researchers.

The 2010 annual report also lists thirty-eight patent applications, including 14 priority, 9 PCT (patent co-operation treaty) and 15 national/regional applications.

The patents were filed for intellectual property arising from research which took place across the University’s Colleges, Schools and Institutes. In 2010, 16 licence agreements were also concluded with a range of indigenous and international companies and 9 new high-tech companies located at NovaUCD.

“The strengthening of UCD’s innovation strategy and the support received from Enterprise Ireland through the Technology Transfer Strengthening Initiative is clearly having a significant impact on the level of knowledge transfer and commercialisation of UCD research,” said Dr Pat Frain, Director, NovaUCD commenting on the results.

16 UCD spin-out companies have been incorporated in the 7-years since NovaUCD was established. And almost 60 high-tech and knowledge-intensive companies have located at NovaUCD and availed of NovaUCD’s support programmes and services.

“Given the success of many of NovaUCD’s client companies the establishment of facilities, adjacent to UCD, to house second stage high-tech companies is now a major priority,” added Dr Frain.

“Such facilities would enable UCD and these companies to develop long term strategic partnerships which are essential for the generation of collaborative research, licensing and other commercial opportunities.”

Thirty-six innovative companies, including Celtic Catalysts are now located at NovaUCD. Together these companies currently have over 200 staff based at NovaUCD.

NovaUCD, the Innovation and Technology Transfer Centre, is the hub of innovation and knowledge transfer activities at University College Dublin. NovaUCD is responsible for the commercialisation of intellectual property arising from UCD research and for the development of co-operation with industry and business. NovaUCD as a purpose-built centre also nurtures new technology and knowledge-intensive enterprises. NovaUCD has been funded through a unique public-private partnership that includes AIB Bank, Arthur Cox, Deloitte, Enterprise Ireland, Ericsson, Goodbody Stockbrokers, UCD and Xilinx.

www.ucd.ie/nova

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About education in ireland

The Education in Ireland brand is managed by Enterprise Ireland the government organisation responsible for the development and growth of Irish enterprises in world markets.
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