Search Results for 'disruptive technology'

Galway medical device company Ceroflo has closed out an investment round which has raised €6.4m to advance its disruptive technology to revolutionise the treatment of intracranial atherosclerotic disease (ICAD), a leading cause of stroke.

Galway-based MedTech company Versono Medical has opened its newly-expanded laboratories and offices over two floors at its current facility in Parkmore Business Park. The company, founded in 2018 by CEO Finbar Dolan and CTO Hugh O’Donoghue, has grown from just two people to 22 since it opened.

Galway is emerging as Ireland’s “innovation capital”, according to a government minister, after more than half of the €40 million allocated to disruptive technology projects nationwide this week was awarded to consortia based in the county.

Three companies from the WDC Investment Fund’s portfolio companies have secured €6.7 million in funding from the first round of the Government’s Disruptive Technologies Innovation Fund (DTIF). Another two companies have received awards in the InterTradeIreland Seedcorn Competition.