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First of all I would like congratulate Professor Brian Glennon and Dr Mark Barrett, researchers in the UCD School of Chemical and Bioprocess Engineering and co-founders of APC Ltd, on winning the NovaUCD 2011 Start-Up Award at this year’s NovaUCD Campus Company Development Programme Awards Evening.

 
Professor Brian Glennon and Dr Mark Barrett, co-founders, APC Ltd

APC Ltd, a new UCD spin-out company, provides pharmaceutical processing technologies and customised solutions to pharmaceutical companies that require the delivery of their medicines to the global market in a lean, reliable and robust manner. The company, which already includes many of the world’s Top 10 pharma companies as clients, has 3 permanent staff members, and plans to be employing at least 20 highly-skilled staff within the next two-years.

I would also like to congratulate two NovaUCD client companies, Biosensia and Tethras, on their significant developments in recent months.

Biosensia, the point the point of care diagnostics company, has secured €1.2 million in new funding. This funding round, led by ACT Venture Capital, is part of the company plans to advance regulatory and commercial strategy for its RapiPlex platform in Europe and in the US. As part of this commercialisation strategy Biosensia intends to increase staff numbers by 10 within the next two-years.

 
Diarmuid Flavin, CEO, Biosensia 

Tethras, which enables app developers to easily adapt their software into over 40 languages, won the Dublin Regional Finals of the InterTradeIreland 2011 Seedcorn Business Competition (High Growth Category). Tethras has also taken on 16 new staff in the last 6-months following a very successful launch earlier this year in the US market.

 
Brendan Clavin and Brian Farrell, co-founders, Tethras

The 16th NovaUCD ‘Entrepreneurs Live!’ seminar series, supported by the Dún Laoghaire-Rathdown County Enterprise Board, has now been completed. Over 80 entrepreneurs have now contributed to these seminars over the last number of years, which have continued to attract a large audience and stimulate lively debates on issues relating to entrepreneurship and new venture formation.

 
Jim Breen, co-founder, Trigrandprix.com, one of the recent 'Entrepreneurs Live!' speakers

In this issue we also report on other recent developments for another NovaUCD client company, RendezVu.

  
NovaUCD in the snow

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Ends

19 December 2011

For further information contact Micéal Whelan, NovaUCD, e: miceal.whelan@ucd.ie, t: + 353 1 716 3712