Ireland is a leading player in the global medical technology industry. IDA Ireland reports that 9 of the world’s top 10 Medtech companies have bases here.

Dublin, the country’s capital city and economic powerhouse, is home to giants in the sector like Medtronic, ResMed, Abbott and others. In fact, with more than 40,000 people now working in the industry, Ireland is one of the largest employers of Medtech professionals in Europe.

“We’re lucky in Ireland to not only have some exceptionally talented people but also a supportive ecosystem with a range of supports”, says Sinéad Keogh, director of the Irish Medtech Association. Those supports include research centres funded by Science Foundation Ireland, the state organisation that supports basic and applied research, and Enterprise Ireland, which funds startups and scaleups. Meanwhile, the Ireland Strategic Investment Fund (ISIF) funds larger companies to scale internationally.

Other organisations, including the Irish Medtech Association itself, address growing demands for skills through initiatives such as its Irish MedTech Skillnet. Three universities (Trinity College Dublin, University College Dublin and Dublin City University) and the Royal College of Surgeons all have medical schools with associated teaching hospitals and startup accelerator and business incubator programs.

Medtech in Dublin - Using the Internet of Things and wearable tech, Coroflo has built a breastfeeding monitoring device.Another critical advantage of Dublin’s Medtech scene is its geographic location. IDA Ireland’s Medtech department manager Rachel Shelly points out that “Ireland is a gateway to the world’s second-biggest Medtech market – Europe – which is worth €115 billion.” It’s also a critical part of the global supply chain network for major multinational Medtech companies. “In an ever-changing global environment, says Shelly, “Ireland’s stability, proven track record, access to talent and rich Medtech ecosystem means we are a key destination for global and growing Medtech companies.”

No wonder then that Dublin has become the vibrant Medtech hub that it is – characterised by intense R&D activity and disruptive startups. TechIreland, a website that tracks Irish innovation, counts more than 200 indigenous Medtech startups and scaleups in Dublin on its database – a number equal to half of all the businesses operating in this sector on the island as a whole. In 2018 alone, 53 Dublin Medtech startups raised an impressive €312m in funding. To put this into context, health companies raised €20m in Wales and €70m in Scotland in the same period. For a city of less than 2m people, Dublin is certainly punching above its weight.

The city’s Medtech sector includes businesses specialising in a wide range of products – from genomics to patient engagement software. From amongst these, TechIreland has picked out five companies worthy of special mention, each one pushing back the envelope in its use of various technologies.

Nuritas is the first company in the world to demonstrate that Artificial Intelligence can accelerate the discovery of healthcare products from concept to market in less than 3 years. Similarly, ground-breaking work is being carried-out by Genomics Medical Ireland, which is conducting large-scale research to examine the relationship between genetics, health and disease. Using the Internet of Things and wearable tech, Coroflo has built a breastfeeding monitoring device. LetsGetChecked sells self-test diagnostic kits; the company is scaling rapidly, having recently announced 120 new jobs. Augmented reality is the key to 3D4Medical‘s 3D anatomy platform, and Elsevier recently acquired the business.

These are just some of Dublin’s Medtech success stories that are touching the lives of millions across the world. Helping people enjoy better health through tech – that’s Dublin’s Medtech!

John O'Dea

John O'Dea has been mentoring and working with startups and tech businesses for over 25 years, and sits on the board of other reputed startup programs. As the CEO of TechIreland, he engages with experts across sectors in bringing together a comprehensive picture of Irish innovation.


The Enterprising Liberties

The Liberties is one of Dublin’s most characterful and historic districts. It owes its name to the fact that it was originally outside the jurisdiction of the city. So it was free to follow its own rules. In many ways it’s still doing that today. In medieval times the Liberties was an area of the city in which brewing, distilling, tanning and other traditional industries were located. The world famous St James Gate brewery, home of Guinness, continues the tradition. Meanwhile distilling is enjoying a big revival in the area, with the arrival of the Pearse Lyons, Teeling, Roe & Co and Dublin Liberties dist

Read More

How Dublin Works: The Guinness Enterprise Centre

The Guinness Enterprise Centre, on Taylor’s Lane in the heart of Dublin’s Liberties, is managed by Dublin Business Innovation Centre and has been named the no.1 university associated business incubation centre in the world. In the first of two articles about the GEC, talks to Eamonn Sayers, the centre’s manager since 2011. I’m an entrepreneur. I’ve got an idea. What can the GEC do for me here? Eamonn Sayers: The first step here is that we’ll try and put you in front of an entrepreneur who’s in the same industry. We’ll say have a chat with this person, see what they’re thinking. If you’ve identified your target market, again we’ll say we know someone here who’s in the same market and they’ll have a coffee with you too. Then what happens? Eamonn Sayers: Our role here is to help your company grow and scale. We help to make it become better and we help to make you a better entrepreneur. We create an environment and a community and a sense of belonging that makes entrepreneurs very comfortable, makes them enjoy the fact that this is their office, this is their workplace, so that both the entrepreneur and their teams are in the best place to grow their businesses.

Read More

Startup Week Dublin’s Natalie Novick: you’re never alone with a startup

The second annual Dublin Startup Week, which took place from October 21st – 25th 2019, was a celebration of the city’s innovation and startup ecosystem. With five days of networking events, keynotes, panels and workshops – all free of charge – the event was aimed at future, current, and repeat startup founders. Find out more at Next up in this mini-series, we meet Natalie Novick, another of the event’s track captains. Natalie Novick is a University of California San Diego PhD student who now resides in Edinburgh. She live

Read More