It’s an economic truth, universally acknowledged, that innovation is at the core of most successful businesses.

Actually being innovative, however, is easier said than done. Which is why centres of incubations are so necessary. Ireland can proudly boast nine university incubation centres, six university bio incubation centres and 15 Institute of Technology incubation centres, all contributing to making this country one of the globe’s most exciting places for both research and development, and in which to do business.

At the heart of all this, you’ll find NovaUCD. Located on the campus of University College Dublin, this state-of-­the-art facility, which opened its doors in the lovingly restored 18th century Merville House in 2003, wants exciting new ventures, visionary entrepreneurs and most importantly,­ big ideas. What it offers is an extensive business support programme for the client companies based there, with advice, seminars and workshops, plus access to NovaUCD’s extensive network investors, researchers and business leaders.

Engineering in Zero Gravity at University College Dublin

This video focuses on research carried out by the UCD School of Mechanical and Materials Engineering in zero gravity.

The centre came about via a unique public-­private partnership, with six private sector sponsors contributing 75% of the €10 million raised to develop the first two phases of the complex. Additional funding for facilities and equipment to accommodate biotechnology start­-up companies to the tune of €1.3 million came via Enterprise Ireland and UCD.

The breadth of the new ventures in motion here is impressively broad: think renewable and wireless energy, medical devices, ITC and biotech, for starters. Companies such as Coleface, a trading network built by traders for traders; Zeeko, which helps parents and teachers to help children protect themselves online, and 4PM, which builds property portals. It can also count over 80 companies among its alumni.

One of these, Genomics Medicine Ireland (GMI), announced in 2018 that is was to create 600 jobs as the result of a €350 million Investment Programme – and GMI is just one of many success stories coming out of NovaUCD.

Carrick Therapeutics is another. Established in 2016 with the aim of building Europe’s leading oncology company, it brings together world-class cancer researchers and drug development experts. Backed by some of the most eminent scientific investors it has raised $95 million in funding. Its co-founder, Dr Elaine Sullivan, was named the 2018 EY Emerging Entrepreneur of the Year TM (EOY) Award.

UCD Startup Stars Programme

This programme provides support to UCD students who want to work together to build start-up companies.

It’s the support programme that NovaUCD makes it so attractive to start­ups. There’s the possibility of collaborating with UCD college researchers for one, as well as the advice available on topics from business plan development, grant and funding applications, introduction to potential investors and advisers and the opportunity to participate in UCD internship programmes. If they need specific advice, there’s a host of resident experts there to guide them, with legal advice available from Arthur Cox Solicitors, finance and tax information from Deloitte and banking and finance planning from AIB Bank.

UCD outlines its four innovation themes thusly: inspiring creative and innovative graduates; putting knowledge to work through applied research; partnering with industry and the public sector, and growing and supporting new business. NovaUCD is doing all of this and more. Expect great things.

Claire is a Dublin-based journalist who contributes to a wide range of publications including The Irish Independent and Image magazine. She occasionally reviews restaurants, and loves a good crime novel.

How Dublin Works: Digital Docklands

Dublin’s docks met the same sorry fate in the 1970s as those elsewhere around the world, the arrival of containers revolutionising shipping and decimating dockland employment. Work that had sustained inner-city communities for generations suddenly evaporated. The Docklands became empty, desolate wastelands until the first regeneration project came in the shape of Charles Haughey’s Irish Financial Services Centre in the late 80s. The IFSC was developed on the north side of the Liffey behind Connolly train station. While banks and other financial services moved into the area, it had little impact at first on the citizens of Dublin. And at night there was a tumbleweed feel to th

Read More

Responsible Innovation

Innovation is what has brought the human race as far as it has come… Because of innovation, we have tackled disease; we have navigated the globe by land, sea and air; we have sent men to the moon. Soon we will have driverless cars. Innovation, in many ways, defines us. But it also has its limits and drawbacks. There is an innate impulse to push things as far as they can go. At times you wonder why innovation has taken us in this peculiar direction. What is the need for this device? Why has this phenomenon taken over? This is when innovation becomes irresponsible. That innate drive to push boundaries can have consequences for the environment, commerce and social well-

Read More

Creative Dublin: The Design House

Half way down Dawson Street, nestled away in an old Georgian building, is the Design House – a thriving hub of creativity. The Design House was founded by Irish fashion designer, Bebhinn Flood. It’s the creative home to several in-house designers. With design and retail under the one roof, it’s like buying straight from the studios. The hallways host a gallery of art. Over 60 designers, mostly Irish, sell their creations here. Cutting-edge fashion, jewellery, bridal, vintage and a variety of crafts all in the one beautiful Georgian building. Not to mention the authentic Italian café in the basement, which has just

Read More