Enterprise Ireland Showcases Investment Opportunities to Hi-Tech Sector
Wednesday 3rd October 2007: The Telecommunications Software & Systems Group at Waterford IT today won the Enterprise Ireland Informatics Commercialisation Award 2007.
The award was presented by Micheal Ahern T.D, Minister for Innovation Policy to Mr. Barry Downes representing the TSSG at the Enterprise Ireland Technology Showcase which took place today (3rd October) in the Radisson Royal SAS Hotel in Dublin's city centre.
The showcase event focused on eight technology products and services that have been developed by academic researchers which are ready to be snapped up by investors in the advanced technology industry.
In addition to these pitches, a targeted attendance of investors, entrepreneurs and technology trend-watchers also met with senior researchers from nine third level institutes who between them demonstrated a further thirty technologies with commercial potential at the showcase.
Presenting the award, Minister Ahern said "the TSSG are to be congratulated on this success, not just in winning the Commercialisation Award, but for bringing the fruits of their research to the marketplace. The TSSG at Waterford IT have demonstrated real innovation in the commercialisation space through their formation of a true joint venture with an entrepreneur to create the new company Hash 6 which is now contributing to the local economy of Waterford. This innovative spirit is one of the core pillars of the Governments Strategy for Science Technology and Innovation".
This is the third year of the Enterprise Ireland Technology Showcase at which a select number of research projects that are ready to licence to investors are given the opportunity to pitch to industry. Enterprise Ireland organises the showcase as one of a series of interventions designed to bring research with commercial potential to the attention of relevant companies.
Explaining these interventions Gearoid Mooney, Director of Informatics Commercialisation at Enterprise Ireland said "we see our role as an active interface between companies and researchers in the informatics sector. Enterprise Ireland is uniquely positioned to build relationships with both sides, spot opportunities for collaboration and broker licence deals".
For more information;
Contact; Ciara O'Mahony, Press Officer, Enterprise Ireland
Tel: +00353 1 8082284 (direct)
Mob: +00353 87 2043435
Email: ciara.omahony@enterprise-ireland.com
Visit www.enterprise-ireland.com/informaticsshowcase for full details of programme and technologies on show.