New Wave of Medtechs Join BioExel
Feb 17 2019 Read 602 Times
The success of the inaugural 2018 NUI Galway BioExel programme led to the completion of a second round recruitment campaign, completed last December. A highcalibre of applications were reviewed from across the globe and the final eight companies are now immersed in the 2019 BioExel accelerator programme.
BioExel offers €95,000 in seed funding to successful applicants along with six-months of intensive training, mentoring, lab space and supported interactions with potential investors. The programme allows participants to build and commercially validate their technologies by working with existing entrepreneurial networks, mentors and management team.
BioExel is managed by MedTech Director, Dr Sandra Ganly, also a co-founder of BioInnovate Ireland and Senior Research Fellow in NUI Galway; and Fiona Neary, Commercial Director and co-founder of BioExel and Innovation Operations Manager at NUI Galway.
“BioExel’s mission is to act as an honest broker between Medtech start-ups and the investment community bridging the gap between technology de-risking and raising investment, said Fiona Neary. “BioExel has positioned itself as an internationally recognised Medtech accelerator with the reputation of significantly enhancing indigenous Medtech start-ups by providing attractive seed investment funding and a pipeline of next generation Medtech start-up’s for Ireland.”
Joe Healy, HPSU Divisional Manager, Enterprise Ireland, said: “Ireland has a growing reputation in MedTech start-ups and the west of Ireland is renowned globally as a top medical device cluster. The sector is an important contributor to our economic growth and BioExel is uniquely positioned to provide essential support for the new innovative start-ups in this sector. We are delighted to continue our support for the programme, and the companies who take part as they take their first steps towards building scale and expanding their reach.”
Joined by the funding partners last month at NUI Galway, the programme officially launched the new cohort of BioExel 2019 and enabled a great working session where partners and participants came together to share experiences and business opportunities.
A full list of the companies can be found at www.bioexel.ie
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