DIT Hothouse acclaimed for Irish Start-up support in Sunday Business Post Technology Magazine

The June edition of the Sunday Business Post Connected Magazine features a double-page article detailing the success of DIT Hothouse in supporting Irish start-up companies.

DIT Hothouse is the award-winning Innovation and Technology Transfer Office at Dublin Institute of Technology, responsible for the commercialisation of intellectual property arising from DIT research. Through the Enterprise Ireland funded New Frontiers Programme, we provide an incubation centre for innovative and promising start-up companies. 

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Key points from the article include:

  • The New Frontiers start-up programme at DIT Hothouse takes in about 60 entrepreneurs in two groupings every year, with a €15,000 contribution from Enterprise Ireland for those who get through to Phase 2. 
  • DIT has completed over 80 licences and launched over 20 companies from their research labs in just the last few years.
  • DIT Hothouse has outperformed all other Irish university technology transfer centres, completing between 10 and 20 per cent of the annual commercial technology transfer licences in Ireland, on just 3 per cent of the research expenditure.
  • Hothouse companies have created 1,300 jobs in over 200 companies, which together have attracted €115 million in equity investment.
  • Hothouse Company, Smart Wall Paint is now selling its products internationally through 17 e-commerce stores. 

Hothouse company, DecaWave, has attracted investments worth up to €25 million and recently took the top prize at the European Business Angel Congress held in Dublin two weeks ago.

Further Information
To learn more about DIT Hothouse, the New Frontiers Entrepreneur Development Programme or DIT research technologies available to industry, email hothouse@dit.ie or call 01 402 7179.

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