i360medical Signs Strategic Agreements with Four Prestigious US Universities and Research Institutes

Dublin, Ireland , Miami, FL and Raleigh, NC, Sep. 20, 2011—Ireland’s i360medical [formerly the Royal College of Surgeons in Ireland-Center for Innovation in Surgical Technology (RCSI-CIST)] today announced that it will sign a Memo of Understanding (MOU) with three premier US universities and one major US innovation hub. The announcement came as part of this week’s Enterprise Ireland trade mission to the Southern United States led by Minister Richard Bruton T.D.

The new partner institutions include Duke University, the University of Miami, the University of North Carolina and Synecor. 

i360medical drives healthcare device innovation by catalysing collaborations throughout the life science ecosystem to bring promising products from concept to global markets.  The new partnerships expand i360medical’s existing US footprint which includes relationships with the Cleveland Clinic, Covidien, and the Mayo Clinic.

Speaking in Miami today Minister Bruton welcomed the announcement:

“For too long we have failed to build the levels of export market penetration we need, and I am determined that government will do everything possible to help our exporters to achieve a step-change in that performance.

“Life sciences is an area where Ireland has strengths that are the envy of many countries, in particular our established base of world-leading multinationals. Today’s announcement will drive innovation in Ireland’s medical devices sector and help promote Ireland’s global reputation for innovation in Irish life sciences supporting the indigenous employment growth we so badly need”.

Derek Young, Head of i360medical added:

“Collectively, these three universities and Synecor innovation hub, house today’s scientific thought leaders and their research labs have produced some of the world’s most enduring surgical technologies.  It’s exciting to join forces with them as we jointly identify and develop a lifecycle plan for the breakthrough technologies of tomorrow.”

Pascal Goldschmidt, MD, Dean of University of Miami Medical School said:

“Thanks to technology, medical advancements are occurring at breakneck speed and yielding great benefits for world health.  Organisations like i360medical are influencing this trend with a model that inspires practical invention.  They’ve taken an entrepreneurial approach to surgical innovation that advances important new techniques and products, spawns companies and creates jobs.  We’re glad to collaborate with them.” 

To learn more about i360medical, please visit www.rcsi.ie/cist.

To learn more about Enterprise Ireland, please visit www.enterprise-ireland.com.

For further information contact

Derek Young

+1 353-86 828 1515

About i360medical

i360medical is located in Dublin at the Royal College of Surgeons in Ireland (RCSI).  For decades, the RCSI has inspired innovation in surgical and clinical techniques as it trains world-leading surgeons.  Building on that legacy, i360medical has developed a strong and extensive team of skilled personnel from the medical device industry, academia and the surgical community. This team is used by i360medical to guide national and international entrepreneurs, clinicians, SME’s, multinationals and universities through the new product lifecycle.  i360medical offers practical assistance in defining unmet needs, as a conduit of  new ideas/solutions for multinationals, in developing new ideas e.g. validating designs for CE/FDA approval, and in the commercialisation of new inventions e.g. by providing investment assistance and guidance.