Trinity spinouts celebrate Knowledge Transfer Ireland Awards success

Posted on: 02 December 2022

Trinity spinouts SilverCloud Health and ProVerum Medical secured the Commercialisation Impact and People’s Choice awards respectively when the annual Knowledge Transfer Ireland (KTI) Impact Awards ceremony took place this week.

Now in their ninth year, the awards recognise the work of higher education innovation offices across three categories: commercialisation impact, industry engagement and a ‘future forward’ category introduced last year.

Founded in 2012, SilverCloud has developed a digital platform for mental health services and now employs more than 175 people across the world – almost half of whom are based in Ireland. The company plans to launch 15 new apps this year.

ProVerum Medical is developing a medical device to assist with benign prostatic hyperplasia – a common bladder condition in men over 50.

“With solutions to address immediate health, social and environmental concerns, it is very welcome to see both revenue and job creation as a result of public-funded research commercialisation and collaboration,” said Dara Calleary, Minister of State for Trade Promotion, Digital and Company Regulation.

“Companies that are active in research, development and innovation are shown to perform better than their peers, and I would encourage businesses to consider collaboration with public research as a means to enhance their offering.”

“It is important to pay particular credit to the work of the technology transfer offices around the country who provide the vital link and support structure so knowledge transfer can deliver meaningful outcomes to society,” said Enterprise Ireland’s Imelda Lambkin, who chaired the judging panel.

“The teams in these offices around the country are key to the successes being celebrated by the KTI Impact Awards.”