News and Events

UCC continues strong spin-out and start-up performance

21 Jun

Publication of the Annual Knowledge Transfer Survey 2017 by Knowledge Transfer Ireland (KTI) reports strong performance for University College Cork in research collaborations, business engagement and commercialisation activity.

The survey’s findings show University College Cork (UCC) as having the highest industry research income of all Irish Universities for the fourth consecutive year. UCC is reported to have executed the highest number of licences, options and assignments and the highest number of student/staff start-up established along with Dublin City University.  UCC is also reported as having the highest number of spin-outs along with University College Dublin.

Overall results from the survey indicate that collaboration with Irish industry is thriving and there is a robust pipeline of technology licences, spin-out companies and products reaching the market.

Speaking about the report’s findings, Professor Anita Maguire, Vice-President for Research & Innovation at UCC said “The results of this year’s Annual Knowledge Transfer Survey show continued strong performance in UCC’s level of engagement with industry and sustained levels of new venture creation, building on the creativity and excellence of our researchers and research centres.”

“These results confirm UCC’s status as an incubator for successful and sustainable new venture creation and hub for start-up companies.”

 “The impact on the economy from public research funding is impressive and highlights the focus on innovation within the Irish research sector as well as the benefit of the continued investment in technology transfer by the Enterprise Ireland and KTI.”

2017 national findings in the report for Research Performing Organisations include:

  • 1,324 active research collaborations with industry
  • 24 new products and services launched
  • 915 jobs in Active Spin-out Companies
  • 21 new spin-out companies created
  • 164 licence agreements signed
  • 82 percent of collaboration agreements signed with Irish companies

 The report can be read in full at: http://www.knowledgetransferireland.com/KTI-Reports/

For more on this story contact:

Contact: David Corkery                                               Contact: Rachel O’Leary

EmailD.Corkery@ucc.ie                                             Email: rachel.oleary@ucc.ie

Further information is available at https://www.ucc.ie/en/techtransfer/

or by following UCC Office of Technology Transfer on:

Twitter: @ucctechtransfer

LinkedIn: https://www.linkedin.com/company/tech-transfer-ucc/

 

About UCC Office of Technology Transfer:

UCC's Office of Technology Transfer facilitates the commercialisation of UCC technologies and research expertise.  We provide services to bring research and commercial expertise together to benefit society, impact on the economy and provide a return to the university to further advance its research mission.

 

 

 

 

 

Office of Technology Transfer

Aistriú Teicneolaíochta

Western Gateway Building,Western Road,Cork,Ireland

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